Judge: Tesla Derivative Complaint Doesn’t Show Likelihood Of Musk’s Liability

(September 29, 2023, 7:06 AM EDT) -- AUSTIN, Texas — A federal judge in Texas partially adopted the recommendation of a magistrate judge to dismiss a shareholder derivative complaint filed by investors of Tesla Inc. who alleged that Tesla’s board had done little to stop a toxic work culture that they claimed had been encouraged by founder and board officer Elon Musk, with the judge agreeing with the magistrate judge’s opinion that the investors addressed only Musk’s likelihood of liability and not that of the whole board....