NEW YORK, Sept. 28, 2018 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights
law firm, reminds investors of the important October 9, 2018 lead plaintiff deadline in the shareholder class action lawsuit
against Tesla, Inc. (“Tesla” or the “Company”) (NASDAQ: TSLA). The lawsuit seeks to recover damages on behalf of those who
purchased the securities of Tesla between August 7, 2018 and August 14, 2018, both dates inclusive (the “Class Period”).
If you purchased Tesla securities, and/or would like to discuss your legal rights and options, please visit
Tesla Shareholder Class Action Lawsuit or contact Daniel Sadeh toll free at (877) 779-1414 or
dsadeh@bernlieb.com.
According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or
failed to disclose that: (1) Tesla had not secured funding for the Company’s proposed “going-private transaction”; (2) the proposed
“going-private transaction” required the approval of Tesla’s Board of Directors, not just Tesla’s shareholders; (3) Tesla’s
Board of Directors were unaware whether Tesla secured funding for the proposed transaction; (4) the status and likelihood of the
proposed “going-private transaction” was misrepresented to the market because the financing for the proposed transaction had not
been secured and because the transaction required the approval of both Tesla’s Board of Directors and shareholders; and (5) as a
result of the foregoing, Defendants’ statements about Tesla’s business, operations, and prospects, were materially false and/or
misleading and/or lacked a reasonable basis.
On September 27, 2018, during aftermarket hours, the Securities and Exchange Commission issued a press release
stating that it “charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of
false and misleading tweets about a potential transaction to take Tesla private.”
On this news, Tesla’s stock fell sharply during intra-day trading on September 28, 2018, damaging investors.
If you purchased Tesla securities, and/or would like to discuss your legal rights and options, please visit
https://www.bernlieb.com/cases/tesla-inc-tsla-lawsuit-class-action-fraud-stock-77/ or contact
Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing
individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor
their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions,
the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal
500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law firm responsible for this advertisement is
Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome
with respect to any future matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
