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Tesla: Correction — Deadline for Objections is Apparently 9/21

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Tesla: Correction — Deadline for Objections is Apparently 9/21

You’ll never guess why…

Sep 18, 2023
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Tesla: Correction — Deadline for Objections is Apparently 9/21

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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...

Chance the Lawyer
·
Jul 19
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.,

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Tesla: Correction — Deadline for Objections is Apparently 9/21

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Tesla: Correction — Deadline for Objections is Apparently 9/21

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Ranulf de Glanvill
Sep 21

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.

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NojusticeNoFleece
Sep 18

All the cool kids like you though. Don’t those 9 figure “gentlemen” have something better to do than harass a Journalist?

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