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Discussion in 'TSLA Investor Discussions' started by Jackl1956, Dec 13, 2013.
Petition Rejection of Tesla Class Action Shareholder Suit
Have you signed?
Just did! Shared to my fb wall.
What is the point of this? Can't we opt out of the class?
Very definition of frivolous lawsuit. We should sue these headline chasers for any hit to TSLA stock caused by their unsubstantiated claims. (Note: I say headline chasers as opposed to ambulance chasers because I've yet to hear to here of a serious injury in a Model S)
We have a closing to this case
Judge Slams Brakes on Tesla Shareholder Suit | The Recorder
Long story short, Judge's reaction was this:
"I'm at a total—I mean total—loss understanding the basis for this lawsuit," Breyer said.
Not to mention that since that stupid class action suit was launched, the share price has gone up by a factor of 2 or 3...
But I gotta say, wasn't that judge a bit naive? The basis of the lawsuit was they were hoping to get a lenient judge and make a quick buck.
Was anyone able to read that Recorder article? Behind a paywall for me.
The link worked for me. I guess they removed the paywall now.
Was a fun read...
We all remember the large number of headlines spouting off about this class-action lawsuit back when it first came out in Oct. 2012. It was an FUD party for the shorts and all the media outlets reported it with sensational headlines.
Who wants to bet that the resultant throwing out of this lawsuit as frivolous will barely be noticeable in next week's financial reportings?
I must have missed it. What's the date for TSLA 3Q financial results?
Actually, Rob, I was using Google to access the article. So I thought. Is there some secret decoder ring that I don't have?
Usually when you google for the article, and click on it, it gets you through paywalls. Maybe it is your ip or something.
Here is teh article:
I think I might like this Breyer.
Sorry I wasn't clear. I meant financial reportings in general, as in financial news.
Matthew Tuccillo, a partner in Pomerantz's New York office:
And judge Breyer (one of my new heroes):
Sweet small victory
Thanks for posting the link. Maybe this lawsuit was frivolous, but the victory is sooo sweet.
I recall that I phoned the Pomerantz offices (their number was listed on the notice they published asking for other owners to join the action) and left a three-minute harangue message on how stupid, baseless and deceitful the lawsuit was. I did that just so someone from the office would have to waste three minutes of their life listening to it. This was soon after I purchased the car so I guess my emotions may have been somewhat elevated.
now, I feel like: "Mwwwahahahahahahaha!!!!!"
I could not read it. They want me to register/sign up.