District Court’s Dismissal Of Tesla Stock Drop Suit Proper, Defendants Argue

Mealey's (September 19, 2019, 1:53 PM EDT) -- SAN FRANCISCO — A federal district court did not err in dismissing a shareholder class action lawsuit against automaker Tesla Inc. and certain of its senior executives for failure to cure pleading deficiencies that had previously been dismissed because the shareholders failed to plead the required falsity in making their federal securities law claims, the defendants argue in a Sept. 16 appellee brief filed in the Ninth Circuit U.S. Court of Appeals (Gregory Wochos, et al. v. Tesla Inc., et al., No. 19-15672, 9th Cir.)....