Tesla facing shareholder legal action over SolarCity merger
Tesla shareholders Francis Freeman Jr and Marnie McMahon have filed a class-action lawsuit against company CEO Elon Musk and several former directors and executives. Freeman Jr and McMahon claim the electric car manufacturer made "false statements" about its $2.6bn acquisition of SolarCity, in 2016.
By Rick Archer (March 24, 2017, 4:53 PM EDT) -- A pair of Tesla Inc. shareholders on Friday filed a putative class action alleging CEO Elon Musk and several other former directors and executives of the electric car maker made false statements about its $2.6 billion purchase of SolarCity Corp. last year....

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