ATTENTION TESLA INVESTORS: Kaskela Law LLC Announces October 9, 2018 Deadline in Class Action Lawsuit and Encourages Investors with Financial Losses Exceeding $1 Million to Contact the Firm – TSLA
RADNOR, Pa., Oct. 08, 2018 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that investor class action lawsuits have been filed against Tesla, Inc. (NASDAQ: TSLA) (“Tesla” or the “Company”) and its CEO, Elon Musk (“Musk”), on behalf of investors who purchased or sold Tesla securities between August 7, 2018 and August 17, 2018, inclusive (the “Class Period”).
Investors who purchased or sold Tesla securities during the Class Period and suffered financial harm in excess of $1 million are encouraged to immediately contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or firstname.lastname@example.org, to discuss their action and their legal rights and recovery options. Additional information about this action may also be found online at: http://kaskelalaw.com/case/tesla/.
According to the complaints, on August 7, 2018, Musk stated on Twitter: (i) “Am considering taking Tesla private at $420”; (ii) “Funding secured”; (iii) “Shareholders could either to sell at 420 or hold shares & go private”; and (iv) “Investor support is confirmed.” These tweets drove the price of Tesla shares up as much as $45.47 per share during intraday trading on August 7, 2018.
Subsequently, Tesla’s securities significantly declined in value following the announcement of an SEC investigation and the subsequent filing of a complaint against Musk, as well as the disclosure of other material information evidencing a lack of support for Musk’s statements. As a result of defendants’ conduct, Tesla investors transacted in the Company’s securities at artificially inflated values during the Class Period and suffered significant investment losses.
FINAL DEADLINE: Investors who transacted in Tesla securities during the Class Period and suffered financial harm may, no later than October 9, 2018, seek to be appointed as a lead representative in the action.
Investors who purchased or sold Tesla securities during the Class Period and suffered financial harm in excess of $1 million are encouraged to immediately contact Kaskela Law to discuss their legal rights and recovery options. Kaskela Law LLC exclusively represents investors in state and federal investor actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.