note to self: always inquire if your or opposing courtroom litigator has, or can, puke at will.
From the New York Daily News, July 13:
Elon Musk was in court Tuesday to give testimony in a lawsuit over a previous Tesla acquisition but the proceedings were interrupted when opposing counsel vomited in the jury box.
In the middle of his nine-hour testimony over potential price-setting between Tesla and solar panel company SolarCity during a 2016 merger and acquisition. As chairman of the board of both companies, Musk had a financial interest and is accused of setting the $2.6 billion price for the merger which amounted to a bailout, shareholders allege in the suit.
Musk is accused of controlling both boards and putting pressure on both to force the merger through faster....
....MUCH MORE
Having seen far too many scammy M&A deals over the years we had quite a few posts trying to call out Musk and the rest of the Tesla board on this:
June 22, 2016More On SolarCity/Tesla and Fairness Opinions (SCTY; TSLA)
Credit where credit is due.August 26, 2019
Looking at the twitter timestamp, this writer was quite a few steps ahead of yours truly in thinking of the exchange ratio, a topic of intense interest to a vanishingly small subset of humanity but actually quite important.*
That's ZeroHedge's headline. They forgot the acute accent (not to be confused with a cute accent) in exposé.
Over the years we've had some thoughts on Tesla's purchase of SolarCity, oh look, here's 2017's "So, How Was Tesla's Purchase Of SolarCity Not a Fraud? (TSLA; SCTY)". Unfortunately it didn't get a rise out of Elon, discovery would have been fun.
We like Bethany McLean, Vanity Fair not so much since finding out they spiked stories on Jeffrey Epstein and his victims....
More next week on the trial and our previous posts. Or, TL;dr "Cousins shouldn't marry"
(the founders of SCTY, the Rive brothers, Lyndon and Pete, are Elon's cousins as his mom and the Rive's mom are twin sisters)
