Bloomberg Law
April 28, 2022, 2:09 PM

Musk Defeats Investors’ Claims SolarCity Deal Was Flawed (3)

Jef Feeley
Jef Feeley
Bloomberg News

Tesla Inc. co-founder Elon Musk won a battle against shareholders as a judge found the billionaire didn’t improperly force fellow directors to accept an overpriced buyout of SolarCity.

The decision Wednesday by Delaware Chancery Court Judge Joseph Slights III spares the world’s richest person, currently on course to buy Twitter Inc. for $44 billion, from handing over as much as $13 billion in Tesla shares he got as part of the company’s 2016 buyout of the struggling solar power provider. At the center of the dispute was whether Musk improperly influenced Tesla directors to agree to the $2.6 billion acquisition. ...

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