Summary
refusing interlocutory appeal where, on a motion to dismiss, the trial court determined that plaintiff had met its low burden of pleading facts that allowed a reasonable inference that the company's CEO was a controlling stockholder but also acknowledged that discovery might reveal otherwise
Summary of this case from In re Fitbit, Inc. Stockholder Derivative Litig.Opinion
No. 221, 2018
05-03-2018
Elon MUSK, Brad W. Buss, Robyn M. Denholm, Ira Ehrenpreis, Antonio J. Gracias, Stephen T. Jurvetson, and Kimbal Musk, Defendants Below, Appellants, and Tesla, Inc., Nominal Defendant Below, Appellant, v. ARKANSAS TEACHER RETIREMENT SYSTEM, Boston Retirement System, Roofers Local 149 Pension Fund, Oklahoma Firefighters Pension and Retirement System, KBC Asset Management NV, Erste–Sparinvest Kapitalanlagegesellschaft m.b.H., Stichting Blue Sky Active Large Cap Equity Fund USA, and Aaron Rocke, Plaintiffs Below, Appellees.
REFUSED.