Tesla logo displayed on the exterior wall of the Tesla Factory in Fremont, CA. Credit: Michael Vi/Shutterstock.comMcCormick Consolidates Two Tesla Chancery Cases
Two cases challenging Elon Musk’s investments in AI projects were consolidated while another shareholder suit will move toward a separate trial.
November 18, 2024 at 07:43 PM
3 minute read
Chancellor Kathaleen St. J. McCormick consolidated two Tesla shareholder cases and coordinated a third on Nov. 18, a middle ground between the consolidation of all requested by two plaintiffs and the complete separation advocated for by other plaintiffs and Tesla.
Moving forward, the cases in which a Rhode Island retirement fund and a Cleveland pension plan separately challenged Elon Musk’s investments in AI projects will be proceeding as one, while a third case brought by shareholder Michael Perry will move toward a separate trial while allowing counsel to coordinate discovery with the consolidated action.
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