SOLARCITY CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Rigrodsky & Long, P.A.:
-
Do you own shares of SolarCity Corporation (NASDAQ GS: SCTY)?
- Did you purchase any of your shares prior to August 1, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of
directors of SolarCity Corporation (“SolarCity” or the “Company”) (NASDAQ GS: SCTY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry
into an agreement to be acquired by Tesla Motors, Inc. (“Tesla”) (NASDAQ GS: TSLA), in a transaction valued at approximately $2.605 billion.
Click here to learn more: http://rigrodskylong.com/investigations/solarcity-corporation-scty-buyout.
Under the terms of the agreement, shareholders of SolarCity will receive 0.110 shares of Tesla common stock for each share of
SolarCity common stock they own. Based on Tesla’s closing stock price on July 29, 2016, SolarCity shareholders would have
received compensation valued at approximately $25.67 per share.
The investigation concerns whether SolarCity’s board of directors failed to adequately shop the Company and obtain the best
possible value for SolarCity’s shareholders before entering into an agreement with Tesla.
If you own the common stock of SolarCity and purchased your shares before August 1, 2016, if you have information or would like
to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/solarcity-corporation-scty-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights litigation and corporate governance
litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
888-969-4242
302-295-5310
Fax: 302-654-7530
info@rl-legal.com
http://www.rigrodskylong.com
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