Welcome to the Tesla Detroit Derivative Action Settlement Website
THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT, derivatively on behalf of TESLA, INC., Plaintiff, v. ELON MUSK, BRAD BUSS, ROBYN M. DENHOLM, IRA EHRENPREIS, LAWRENCE J. ELLISON, ANTONIO J. GRACIAS, STEPHEN T. JURVETSON, LINDA JOHNSON RICE, JAMES MURDOCH, KIMBAL MUSK, KATHLEEN WILSON-THOMPSON, and HIROMICHI MIZUNO, Defendants, and TESLA, INC., a Delaware Corporation, Nominal Defendant.
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
C.A. No. 2020-0477-KSJM
This website has been established to provide general information regarding the proposed settlement (“Settlement”) of the above-captioned action (the "Action"), which was brought in the Court of Chancery of the State of Delaware (the “Court”) by a Tesla stockholder on behalf of Tesla for the benefit of Tesla pursuant to Court of Chancery Rule 23.1. Capitalized terms used on this website and not otherwise defined shall have the same meanings ascribed to them in the Stipulation and Agreement of Compromise and Settlement Between Plaintiff and Settling Defendants, dated July 14, 2023 (“Stipulation”).
Please be advised that your rights may be affected by the Action pending in the Court if you are a stockholder as of the record date, which includes the following:
All record holders and beneficial owners of common stock of Tesla, Inc. ("Tesla") as of July 14, 2023, along with their successors and assigns, excluding the individual Defendants.
Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and the Stipulation. Please read the Notice carefully to fully understand your rights.
If you have questions about the Notice or the Settlement, please DO NOT contact the Court or the Office of the Register in Chancery. All questions should be directed to Plaintiff's Counsel or KCC.
IMPORTANT DATES & DEADLINES
|OBJECTION DEADLINE (Received by)||September 22, 2023|
October 13, 2023 at 1:30 P.M. ET