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Class Action News

Levi & Korsinsky Announces TSLA Lawsuit, Tesla Class Action Commenced

Levi & Korsinsky

September 5, 2018

NEW YORK, September 5, 2018 – Levi & Korsinsky, LLP announces a class action commenced on behalf of Tesla, Inc. (“Tesla, Inc.”) (NASDAQ: TSLA) shareholders who purchased shares between August 7, 2018 and August 17, 2018. You are hereby notified that the TSLA class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information go to: http://www.zlk.com/pslra-1/tesla-inc-loss-submission-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Tesla complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) that the Defendants had not secured funding for the Going-Private Transaction; (2) that Musk’s statements that the Going-Private Transaction only required shareholder approval were false since the Going-Private Transaction required approval by the Company’s Board of Directors and even the Board was unaware of the funding referred to by Musk; (3) that the status and likelihood of the Going-Private Transaction was misrepresented to the market because financing for it had not been secured and Board approval was required, and (4) as a result of the foregoing, Defendants’ statements about Tesla’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

If you suffered a loss in Tesla, Inc. you have until October 9, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com