Full 9th Circuit Asked To Rehear Appeal In Tesla Model 3 Stock-Drop Suit

Mealey's (February 11, 2021, 11:26 AM EST) -- SAN FRANCISCO — En banc rehearing of a Ninth Circuit U.S. Court of Appeals panel’s ruling that a federal district court did not err in dismissing shareholder claims with prejudice in a securities class action lawsuit against automaker Tesla Inc. and certain of its senior executives is warranted because the panel’s determinations are not in line with the Ninth Circuit’s “prior precedent,” the shareholders argue in a Feb. 9 petition....