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The guy that sued and just made Elon Musk lose 55 Billion dollars only had: NINE SHARES OF TESLA STOCK.

bparsons 3y ago
[flagged]
adolph 3y ago
Would it be any less if the person had eight or more if ten? Standing is standing. Maybe someone should have paid a troll toll before things got out of hand.
- spywaregorilla 3y ago
  It may have felt less if they had 10,000
mise_en_place 3y ago
Really strange that the court gave standing to this case. I guess I’d better start suing Joe Biden in court. He is ineligible to be on my state’s ballot. As an American citizen, I am aggrieved because he has violated his oath of office by refusing to defend the US border. /s (Before I am tarred and feathered this is purely satire. But equivalent to the legal argument being discussed here)
- rtsil 3y ago
  If you really believe that you claims are legitimate, you should sue. And if the courts find that you are right, then they will remove him from the ballot. That's how it's supposed to work.
  - mise_en_place 3y ago
    It doesn't matter what I believe, the court should have a higher standard when determining legal standing for cases like this. Otherwise it reduces overall faith in the US court system and undermines the rule of law.
    - ahahahahah 3y ago
      Companies must respect the rights of all owners. Those companies are entirely free to limit ownership to only those who are willing to invest the equivalent of 10000 Tesla shares if they want (Berkshire Hathaway, for example, does this). Tesla knew they couldn't be a meme stock if they did that, though.
    - rtsil 3y ago
      > the court should have a higher standard when determining legal standing for cases like this. No, the court should have the same, identical standard for all cases. Equal access to the legal system and predictability are tenets of the rules of law.
- esoterica 3y ago
  Why are you commenting on a legal issue if your knowledge of the law is so minimal that you don’t even know what the word “standing” means? Of course shareholders have standing to sue on corporate governance issues, even if their case has no merit.
foreverobama 3y ago
[dead]
clouddrover 3y ago
What argument are you trying to make? That big guys should steamroll little guys? That might makes right? That's a grim worldview.
- leetgirl83 3y ago
  Elon had 400 million shares vs this guy's 9 shares (worth $153 in 2018). Can't you see how ridiculous this is?
  - clouddrover 3y ago
    So you do think might makes right. That's sad.
    - kortilla 3y ago
      It’s not sad, voting by ownership stake is how nearly all companies are controlled. This shareholder should completely have had his view steamrolled from a “what he thinks the company should do” perspective. However, he is definitely entitled to file a lawsuit if he thinks there was governance fraud.
      - clouddrover 3y ago
        And he did have his court case and for now he's won it (I'm sure it will be appealed). It seems like the legal system is working as intended in this instance. So what are we even talking about?
        kortilla 3y ago
        Claiming that we think it’s sad that the 9 share holder has as much say as a million share holder is stupid. This has nothing to do with him having a say in how the company is run.
        clouddrover 3y ago

[flagged]

Would it be any less if the person had eight or more if ten? Standing is standing. Maybe someone should have paid a troll toll before things got out of hand.

spywaregorilla 3y ago
It may have felt less if they had 10,000

mise_en_place 3y ago

Really strange that the court gave standing to this case. I guess I’d better start suing Joe Biden in court. He is ineligible to be on my state’s ballot. As an American citizen, I am aggrieved because he has violated his oath of office by refusing to defend the US border. /s (Before I am tarred and feathered this is purely satire. But equivalent to the legal argument being discussed here)

rtsil 3y ago
If you really believe that you claims are legitimate, you should sue. And if the courts find that you are right, then they will remove him from the ballot. That's how it's supposed to work.
- mise_en_place 3y ago
  It doesn't matter what I believe, the court should have a higher standard when determining legal standing for cases like this. Otherwise it reduces overall faith in the US court system and undermines the rule of law.
  - ahahahahah 3y ago
    Companies must respect the rights of all owners. Those companies are entirely free to limit ownership to only those who are willing to invest the equivalent of 10000 Tesla shares if they want (Berkshire Hathaway, for example, does this). Tesla knew they couldn't be a meme stock if they did that, though.
  - rtsil 3y ago
    > the court should have a higher standard when determining legal standing for cases like this. No, the court should have the same, identical standard for all cases. Equal access to the legal system and predictability are tenets of the rules of law.
esoterica 3y ago
Why are you commenting on a legal issue if your knowledge of the law is so minimal that you don’t even know what the word “standing” means? Of course shareholders have standing to sue on corporate governance issues, even if their case has no merit.

foreverobama 3y ago

[dead]

clouddrover 3y ago

What argument are you trying to make? That big guys should steamroll little guys? That might makes right? That's a grim worldview.

leetgirl83 3y ago
Elon had 400 million shares vs this guy's 9 shares (worth $153 in 2018). Can't you see how ridiculous this is?
- clouddrover 3y ago
  So you do think might makes right. That's sad.
  - kortilla 3y ago
    It’s not sad, voting by ownership stake is how nearly all companies are controlled. This shareholder should completely have had his view steamrolled from a “what he thinks the company should do” perspective. However, he is definitely entitled to file a lawsuit if he thinks there was governance fraud.
    - clouddrover 3y ago
      And he did have his court case and for now he's won it (I'm sure it will be appealed). It seems like the legal system is working as intended in this instance. So what are we even talking about?
      - kortilla 3y ago
        Claiming that we think it’s sad that the 9 share holder has as much say as a million share holder is stupid. This has nothing to do with him having a say in how the company is run.
        clouddrover 3y ago