SAN FRANCISCO — A federal judge Tuesday dismissed a shareholder fraud case against renewable energy company SolarCity Corp., which is on the cusp of a merger with Tesla Motors, after lawyers at Pomerantz failed for a third time to make claims stick.
U.S. District Judge Beth Labson Freeman in a 20-page decision said attorneys had failed to plug holes in their complaint against SolarCity that she identified in two previous orders. The suit, filed in 2014, alleges the company manipulated its accounting to make it look like sales were performing better than they were.
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