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Could take years, per the article. >Since Musk so far has chosen to fight this, it could take years to reach an outcome, said Bernstein analyst Toni Sacconaghi

Could take years, per the article. >Since Musk so far has chosen to fight this, it could take years to reach an outcome, said Bernstein analyst Toni Sacconaghi in a note Friday.

chaosbutters314 8y ago
Maybe a dumb question, if it takes years, and in that time tesla becomes profitable enough that Elon takes it private, could he escape some of the penalties that way? Like, did he realize that since the trial will take so long that by the time it is done, he will be able to circumvent some of the harsher penalties?
- gamblor956 8y ago
  No, the penalty is being permanently barred from being an officer or director of any public company. If he goes to trial, there isn't going to be any middle ground.
  - godelmachine 8y ago
    Sounds just.
  - Klathmon 8y ago
    But would that impact him if he were to take Tesla private before being barred (as in this hypothetical, he wouldn't be an officer or director of a public company, just of a private one)?
godelmachine 8y ago
I expected US judiciary to be a lot more fast. Years for the final verdict? What’s the difference between Indian and US judiciary then? I was of the opinion that Indian judiciary is among the slowest in the world coz of tons of backlogged cases and not enough judges. Furthermore, I thought all legal cases in US closed in matter of months.
- testvox 8y ago
  In the United States one has a right to a speedy trial in criminal cases. No such right exists for civil cases like this one. > In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the state and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the assistance of counsel for his defense.

Could take years, per the article. >Since Musk so far has chosen to fight this, it could take years to reach an outcome, said Bernstein analyst Toni Sacconaghi in a note Friday.

chaosbutters314 8y ago

Maybe a dumb question, if it takes years, and in that time tesla becomes profitable enough that Elon takes it private, could he escape some of the penalties that way? Like, did he realize that since the trial will take so long that by the time it is done, he will be able to circumvent some of the harsher penalties?

gamblor956 8y ago
No, the penalty is being permanently barred from being an officer or director of any public company. If he goes to trial, there isn't going to be any middle ground.
- godelmachine 8y ago
  Sounds just.
- Klathmon 8y ago
  But would that impact him if he were to take Tesla private before being barred (as in this hypothetical, he wouldn't be an officer or director of a public company, just of a private one)?

godelmachine 8y ago

I expected US judiciary to be a lot more fast. Years for the final verdict? What’s the difference between Indian and US judiciary then? I was of the opinion that Indian judiciary is among the slowest in the world coz of tons of backlogged cases and not enough judges. Furthermore, I thought all legal cases in US closed in matter of months.

testvox 8y ago
In the United States one has a right to a speedy trial in criminal cases. No such right exists for civil cases like this one. > In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the state and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the assistance of counsel for his defense.