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Rejection of Tesla Class Action Shareholder Suit

129 Comments

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Stephen Pace
12 years ago

@Tesla_did Commit_Fraud: No more so than gas cars are dangerous. All three cars that burned were involved in collisions at highway speeds--and the car in Mexico was rumored to be driving over 100 mph before it hit the wall. Yet the driver and all passengers walked away without injury! The Model S is proving to be the safest car on the road. If you don't believe it, name one that is safer.

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Stephen Pace
12 years ago

The Howard G. Smith case summary reads like a complete joke. "The lawsuit alleges that the Company told investors that its cars were safe while knowing or in willfull disregard of the fact that its cars are not safe." Name a safer car in this class! "the Company announced lower than expected third quarter earnings." Expected by who? Tesla exceeded their guidance--a couple analysts guessed the results would be even higher and that merits a suit? I hope these lawsuits are rejected and/or the lawyers lose their shirt in the process.

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Samuel Hoogendoorn
12 years ago

This lawsuit is a bunch of malarkey. I reject it and fully intend to purchase a Tesla in the future. There is no design defect that compromises safety. The fact that it achieved the best crash safety rating ever says it all.

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William Chamberlain
12 years ago

Suits like this are so annoying, claiming to protect investors but really being motivated by the desire for attorneys fees awards out of any settlement that might come from the suit. The suit will be followed by masses of discovery information requests that will cost investors a bundle because the company must respond to defend itself. There is no merit in this case.

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Anonymous
12 years ago

Reject the case!

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Tesla_did Commit_Fraud
12 years ago

Tesla's battery is indeed very dangerous!

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Chuck Lusin
12 years ago

FDIC Insured, Really!

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Steve Young
12 years ago

Law Firms and deal ship organization are the only thing detrimental to TSLA.

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Ralph Loftin
12 years ago

Show me how stockholders or owners have been harmed.

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Thomas K Vaidhyan
12 years ago

Can we have a class action against these bottom feeders whose sole purpose is to harras companies into paying them. We the shareholders and tesla owners have no interest in this whatsoever !

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Portia Shao
12 years ago

The world will be a much better and safer place if these scum of the earth law firms do not exist at all! Happy Tesla owner.

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Anonymous
12 years ago

Morgan and Morgan - boo

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chinthake
12 years ago

Supporting American Industry

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jerry drossos
12 years ago

I will buy one as soon as I can.

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Trevor Landsiedel
12 years ago

Model S owner and Tesla stock owner

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Nicholas zalany
12 years ago

Stop this nonsensical class action suit against tesla

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Michael Bender
12 years ago

Nuisance, ambulance-chasing lawsuits

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Anonymous
12 years ago

reject such lawsuits

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Sonny Shrivastava
12 years ago

Those law firms do not represent my interests as an owner.

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Robert Friess
12 years ago

this suit is disgraceful