A class-action lawsuit filed in San Francisco claims Twitter owes a half-billion dollars to employees cut loose after Elon Musk acquired the platform last fall.
Tag: Elon Musk
Elon Musk Ghosts Twitter Layoff Arbitration Cases
Twitter Inc. is refusing to engage in arbitration with ex-employees who were fired when Elon Musk took over the company after pushing them to use that process to resolve claims that they weren’t paid, didn’t get promised severance, or were discriminated against, according to a lawsuit.
Elon Musk’s Lawyer Asks Court to Throw Out ‘Twitter Sitter’ Deal with SEC
Following Elon Musk’s recent victory in a securities fraud trial, the Tesla CEO’s lawyer has asked an appeals court to overturn his 2018 agreement with the SEC requiring him to have a company lawyer review his Tesla-related tweets before sharing them.
Jury Rules for Elon Musk and Tesla in Investor Lawsuit Over Tweets
A jury decided on Friday that Elon Musk was not liable for investor losses after he tweeted that he had secured funding to take Tesla private in 2018.
Judge Rules Twitter Must Notify Laid-off Workers of Pending Lawsuit
A San Francisco federal judge has ruled that Twitter Inc. must notify the thousands of employees who were laid off following Elon Musk’s acquisition of the company.
Twitter Sued Over Musk’s Planned Layoffs
A class-action lawsuit was filed against Twitter following Elon Musk’s planned layoffs.
Twitter Hired a Big-Name Law Firm to Sue Elon Musk for Exiting $44B Takeover Bid
Twitter has hired Wachtell, Lipton, Rosen & Katz LLP to sue Elon Musk over his decision to cancel a $44 billion deal to acquire the app, according to Bloomberg. The firm specializes in merger litigation and has ties to the Delaware court system, which will hear the case. According to Bloomberg, Twitter intends to sue… Continue reading Twitter Hired a Big-Name Law Firm to Sue Elon Musk for Exiting $44B Takeover Bid
Tesla Insurance Has Potential to Become a Top-10 Carrier: Morgan Stanley Analysts
According to Morgan Stanley analysts, Tesla Insurance, which began underwriting its own policies in three states last month, could pose a long-term challenge to traditional auto insurers. Analysts believe that Tesla, cites Reinsurance News, becoming a top 10 auto insurance carrier is not a “far-fetched expectation,” and that insurance premium forecasts for Tesla yield about… Continue reading Tesla Insurance Has Potential to Become a Top-10 Carrier: Morgan Stanley Analysts
Elon Musk Says: Trying to Turn a Nightmare into a Dream with Tesla Insurance
Elon Musk, along with Chief Financial Officer Zachary Kirkhorn, shared key details about Tesla’s new insurance offering that uses real-time driving behavior data during the company’s recent Q1 2022 earnings call. The insurance product went live earlier this week in Virginia, Colorado, and Oregon. During the call, Musk explained that having real-time feedback for driving… Continue reading Elon Musk Says: Trying to Turn a Nightmare into a Dream with Tesla Insurance
Tesla CEO Elon Musk Defends SolarCity Purchase Against Conflict of Interest Allegations
Elon Musk was quietly whisked into the New Castle County Courthouse in Delaware on Monday morning, evading a gaggle of press anxiously awaiting his arrival in connection with a lawsuit over Tesla’s 2016 acquisition of a solar energy generation company. What was lacking in any grand entrance, however, was made up for inside the seventh-floor… Continue reading Tesla CEO Elon Musk Defends SolarCity Purchase Against Conflict of Interest Allegations