Connect with us

Hi, what are you looking for?

GainThatFlavour.comGainThatFlavour.com

Tech News

Elon Musk wants to move trial away from San Francisco over ‘local negativity’

An image of Elon Musk in front of trial scales.
Kristen Radtke / The Verge; Getty Images

Elon Musk has asked a judge to move an upcoming trial for a shareholder lawsuit out of San Francisco, citing concerns that the jury may have a bias against him, as reported earlier by CNBC. In a Friday filing, Musk requests that the judge relocate the trial to West Texas due to the “local negativity” in the Bay Area surrounding Elon Musk and his businesses, preventing a fair trial.

The shareholder class action lawsuit, which accuses Musk of manipulating Tesla’s stock, stems from the billionaire’s now-infamous 2018 tweet that claimed he had the “funding secured” to take Tesla private. Tesla’s stock reached extreme highs and lows in the weeks following the tweet, and resulted in a $40 million fine from the Securities and Exchange…

Continue reading…

You May Also Like

Editor's Pick

From The Sector Level On the Relative Rotation Graph for US sectors, the tail for the Utilities sector stands out. It is relatively long...

Editor's Pick

As the great bear market of 2022 was really hitting its stride, the 3800 level came into view as a likely support level for...

Editor's Pick

What finally brought the Great Depression to an end? We’ve seen that, whatever it was, it took place not during the 30s but sometime...

Editor's Pick

Investors and traders must utilize sensible trading strategies, intelligent portfolio management, and vigilant risk governance to stay ahead in today’s fast-paced, liquid markets. In this...