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Rejection of Tesla Class Action Shareholder Suit

Discussion in 'TSLA Investor Discussions' started by Jackl1956, Dec 13, 2013.

  1. Jackl1956

    Jackl1956 Member

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  2. Jonathan Hewitt

    Jonathan Hewitt Active Member

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    Just did! Shared to my fb wall.
     
  3. Parzival

    Parzival Member

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    What is the point of this? Can't we opt out of the class?
     
  4. NoMoGas

    NoMoGas Member

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    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)
     
  5. evme

    evme Member

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  6. Cosmacelf

    Cosmacelf Active Member

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    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...
     
  7. Cosmacelf

    Cosmacelf Active Member

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    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.
     
  8. AudubonB

    AudubonB Mild-mannered Moderator Lord Vetinari*

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    Was anyone able to read that Recorder​ article? Behind a paywall for me.
     
  9. RobStark

    RobStark Active Member

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    3a725b14f1469e157b5e3263b7fe031a0853bad94247b928a84b6bf0b2045638.jpg
     
  10. Ames

    Ames Member

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  11. pz1975

    pz1975 Member

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    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?
     
  12. brianman

    brianman Burrito Founder

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    I must have missed it. What's the date for TSLA 3Q financial results?
     
  13. AudubonB

    AudubonB Mild-mannered Moderator Lord Vetinari*

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    Friendly Google

    Actually, Rob, I was using Google to access the article. So I thought. Is there some secret decoder ring that I don't have?
     
  14. evme

    evme Member

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    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:

     
  15. brianman

    brianman Burrito Founder

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    I think I might like this Breyer.
     
  16. pz1975

    pz1975 Member

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    Sorry I wasn't clear. I meant financial reportings in general, as in financial news.
     
  17. Johan

    Johan Took a TSLA bear test. Came back negative.

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    Great stuff.

    Matthew Tuccillo, a partner in Pomerantz's New York office:
    matthew_l_tuccillo.jpg

    And judge Breyer (one of my new heroes):
    Charles_Breyer_District_Judge.jpg
     
  18. Auzie

    Auzie Tree Hugger Member

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    Sweet small victory

    Thanks for posting the link. Maybe this lawsuit was frivolous, but the victory is sooo sweet.
     
  19. Ugliest1

    Ugliest1 S85: "Sparky"

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    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!!!!!"
     
  20. beths11

    beths11 THE LONG RANGER

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