INVESTIGATION ALERT REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Tesla, Inc. & Encourages Inves...
August 17 2018 - 1:36PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of Tesla, Inc. (“Tesla” or “the Company”) (NASDAQ: TSLA)
for violations of §§10(b) and 20(a) of the Securities Exchange Act
of 1934 and Rule 10b-5 promulgated thereunder by the U.S.
Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Tesla CEO Elon Musk tweeted on August 7,
2018, “Am considering taking Tesla private at $420," and
"funding secured.” The lawsuit alleges that despite Musk’s tweets,
no funding had been secured to take Tesla private at $420 per
share. Musk also falsely claimed that “investor support is
confirmed.” Both the SEC and Tesla’s board of directors are
reportedly investigating Musk’s tweets on the matter. Based on
these facts, the Company’s public statements were false and
materially misleading throughout the class period. When the market
learned the truth about Tesla, investors suffered damages.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180817005375/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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