23 ms·
via Matt Levine/Money Stuff (https://www.lit-sl.shearman.com/siteFiles/39719/SL2_In%20Re%20Tesla,%20Inc.%20Sec.%20Litig.-musk%20order%20unsealed.pdf https://www
by ksherlock 4y ago
via Matt Levine/Money Stuff (https://www.lit-sl.shearman.com/siteFiles/39719/SL2_In%20Re%20Tesla,%20Inc.%20Sec.%20Litig.-musk%20order%20unsealed.pdf https://www.lit-sl.shearman.com/siteFiles/39719/SL2_In%20Re%...)
The judge ruled pre-trial that the tweets were false and recklessly false at that, so that wasn't even up for debate.
("No reasonable jury could find that Mr. Musk did not act recklessly ...", "No reasonable jury could find “Funding secured” accurate and not misleading ...”)
WSJ (https://www.wsj.com/articles/elon-musk-found-not-liable-in-trial-over-tweets-proposing-to-take-tesla-private-11675464951 https://www.wsj.com/articles/elon-musk-found-not-liable-in-t...) does a better job of explaining it:
"Jurors were asked to decide, among other issues, whether Mr. Musk’s tweets were material to investors and whether the misrepresentations caused investors to sustain losses."