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Wochos v. Tesla, Inc. et al

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Case overview

Case Number:

3:17-cv-05828

See also:

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Charles R. Breyer

Firms

Companies

Sectors & Industries:

  1. March 25, 2019

    Tesla Again Ducks Investor Action Over Model 3 Disclosures

    Tesla Inc. escaped securities violations claims Monday when a California federal judge permanently dismissed an investor suit accusing the company of covering up extensive problems associated with the production of its Model 3 sedan, finding that Tesla did not falsify statements in its financial filings.

  2. January 14, 2019

    Tesla Model 3 Disclosures 'Meaningless,' Investors Say

    Investors on Friday told a California federal judge that Tesla Inc. already knew about extensive problems associated with production on its Model 3 sedan when it publicized "meaningless" hypothetical risks to its production process, so it cannot dodge a proposed class action claiming it misled investors.

  3. November 21, 2018

    Disclosures Still Doom Model 3 Stock-Drop Suit, Tesla Says

    Tesla Inc. told a California federal judge Tuesday that an amended suit alleging it hid information about production delays for its Model 3 sedan cannot tie any purported misstatements to any decline in Tesla's stock price, especially since the electric automaker was upfront about its unexpected production problems.

  4. August 27, 2018

    Tesla Dodges Model 3 Stock-Drop Suit, For Now

    A California federal judge on Monday tossed a stock-drop class action alleging Tesla misled investors about its Model 3 manufacturing delays, saying the company's disclosures sufficiently warned investors of numerous challenges and didn't paint an overly rosy view of the pace of production.

  5. August 24, 2018

    Tesla Disclosure Docs Could End Stock-Drop Suit, Judge Says

    A California federal judge on Friday mulled dismissing a stock-drop class action over Tesla's Model 3 manufacturing delays based on disclosures in which the car company seemed to warn shareholders of production issues, but an attorney for the proposed class said that nixing the case would be a "reversible error."

  6. August 20, 2018

    Tesla Wants Model 3 Stock-Drop Suit Curbed

    Tesla told a California federal judge Friday that investors in a stock-drop suit over its Model 3 manufacturing delays still have no facts backing up their claims that Tesla deliberately painted an overly rosy view of the pace of production, saying the suit ignores Tesla's actual disclosures.

  7. July 12, 2018

    Tesla Doc Dump Bloating Stock-Drop Suit, Investors Say

    Shareholders who claim Tesla Inc. hid information about production delays for its Model 3 sedan criticized the automaker on Wednesday for burdening a California federal court with 300 pages of "extraneous material" in its bid to dismiss their stock-drop suit, saying Tesla is trying to swap their allegations with its "own version of the facts."

  8. May 29, 2018

    Tesla Aims To Put Brakes On Model 3 Stock-Drop Suit

    Tesla urged a California federal judge to toss a stock-drop suit alleging it hid information about production delays for its Model 3 sedan, saying it frankly disclosed its unexpected production challenges to investors and the amended class action is “classic fraud by hindsight.”

  9. March 26, 2018

    Tesla Investors Amend Stock-Drop Suit Over Model 3 Delays

    Investors in Tesla Inc. on Friday amended a complaint in California federal court to make substantively similar, albeit more detailed, allegations that the carmaker and its executives failed to disclose information about production delays with its Model 3 sedan, resulting in a 6.8 percent drop in share price.

  10. February 02, 2018

    Rosen Law Firm To Lead Tesla Stock-Drop Class Action

    The Rosen Law Firm PA will be the lead counsel representing a proposed class of Tesla Inc. shareholders in a stock-drop suit against the electric carmaker, a California federal judge announced Friday at a hearing in San Francisco.

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