Tesla-SolarCity merger challenged by lawsuits

September 23, 2016

SAN FRANCISCO — Lawsuits could delay Tesla Motors’ proposed merger with SolarCity. In a Securities and Exchange Commission filing released Monday, Tesla said the merger is being challenged in four separate lawsuits that were filed in early September. The main claims: Tesla and SolarCity breached their fiduciary duties to shareholders, and Tesla failed to disclose certain…

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