Tesla: Correction — Deadline for Objections is Apparently 9/21
You’ll never guess why…
Nine figures for creativity here. Someone drafted and / or agreed to a stipulation that includes the following very novel provision designed for what purpose one can only imagine:
Stip, para. 1.1: “Business Day” is defined as “any day other than a day on which banks in Delaware are required or permitted to close.”
And apparently banks in Delaware are “permitted to close” (literally whatever tf that means) on Columbus Day/Indigenous Peoples’ Day: https://www.communitybankdelaware.com/about-us/holidays/
After the last post I wrote, I got nastygrams from plaintiffs’ attorneys and retail stockholders alike, and I’m sure I didn’t make any friends on the bench, so I’m batting a thousand speaking my truth today.
Hope y’all are having a good Monday. 🙃
And if you haven’t read the backstory on this settlement, highly recommend before it’s literally too late:
Tesla/Tornetta: Something's Happening Here...
Wait just a minute, y’all. Yesterday, I debriefed the known universe of the recently-filed settlement that is now pending approval in the Delaware Court of Chancery in Police & Fire Retirement System of the City of Detroit v. Elon Musk and Tesla, Inc.,
Is there a secret rule in corporate litigation that precludes one from simply stating the date something (like objections to the settlement) is due? A cynical observer might almost conclude that only folks sitting at the head table know the algorithm for calculating dates.
All the cool kids like you though. Don’t those 9 figure “gentlemen” have something better to do than harass a Journalist?