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hah, why? sue them because they are thinking about suing Tesla?
How many fires have started with other models that have been touted as safe? .
I sent them a letter yesterday saying not only would I not join a class action lawsuit of this type, they do not represent shareholders' interest with a frivolous lawsuit designed to support short interest, and I would be interested in joining a class action against them were they to do such a thing.
And I would be.
The investigation concerns whether Tesla and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. In an August 19, 2013 press release, Tesla touted its Model S as having achieved the "best safety rating of any car ever tested" by the National Highway Traffic Safety Administration ("NHTSA"). On October 2, 2013, an analyst downgraded Tesla due to "execution risk." Later the same day, a Model S burst into flames following a purported collision, with Tesla later admitting that the fire began in its battery pack.
When John Broder test drove the Model S his published editorial lacked integrity. Elon Musk responded in a clear and deliberate voice. Elon assertively communicated the facts, questioning the veracity of the editorial.
Just as it was the right thing to challenge John Broder's test drive article. It is the right thing to confront the dishonesty of Pomerantz Grossman Hufford Dahlstrom & Gross LLP.
I for one, would contribute to a fund to explore the legal options regarding this matter.
suing for damages?! Nice, I'm all for it!!
I'd offer my name in support!
Unfortunately, they make unrelated statements and just hope that investors who lost money will assume that a battery catching fire means that the quote was incorrect or a lie.