SAN FRANCISCO — A federal judge won’t sanction two plaintiffs firms that sued Tesla Motors Inc. for alleged securities law violations related to a spate of battery fires in Model S vehicles.
Ruling Monday, U.S. District Judge Charles Breyer of the Northern District of California wrote that he disagreed “stridently” with the suit’s legal theory. However, he concluded the complaint did not raise objectively baseless or frivolous claims that would justify an award of attorney fees.
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