“It’s a substantial amount of money,” Delaware Chancery Judge Joseph Slights III said Monday in approving the settlement, which will be paid by insurers. Sights also awarded lawyers for the shareholders $17 million in fees.
Next March, billionaire Musk is slated to face investors’ claims he
Musk has said in court filings he’s
“SolarCity would have done just fine by itself and Tesla would have done just fine by itself, but in the long-term, they are better together,” he said in a pre-trial deposition made public last year. “And that is what the future will show. That is why I think you should stop wasting your time now.”
The case is In Re Tesla Motors Inc. Stockholders Litigation, No. 12711,
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