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Regulatory & Legal Alerts – Dec. 2017

Green Car Congress

Peopletrail actively tracks the regulatory and legal environment that surrounds employment and criminal background screening. Effective January 1, 2018, California will become the tenth state to pass the “ban-the-box” law which removes the conviction history question on job applications for private employers with five or more employees.

Legal 231
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Tesla exec Tom Zhu triggers promotion speculation after China names new legal rep

Teslarati

Tesla global vice president and CEO of the Greater China region Tom Zhu has triggered speculations of a potential promotion after the electric vehicle maker’s operating entity in China changed its legal representative. The legal entity of Tesla (Shanghai) Co., Don’t hesitate to contact us with news tips.

Legal 93
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Tesla shareholders are taking a stand against law firm’s $6B TSLA stock request

Teslarati

Is the law firm behind the legal complaint that ultimately rescinded Elon Musk’s 2018 pay package looking to get overpaid? Elon Musk’s 2018 pay package was rescinded by Judge McCormick in late January. A growing number of Tesla shareholders say so. Some have even sent letters from abroad.

Delaware 120
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Tesla bull weighs in on Delaware Court decision against Musk’s TSLA comp plan

Teslarati

Tesla ( NASDAQ:TSLA ) bull and Wedbush Securities Senior Equity Research Analyst Dan Ives has weighed in on the Delaware Court decision that rescinds Elon Musk’s 2018 compensation plan, which was approved by about 80% of TSLA shareholders at the time. Just send a message to simon@teslarati.com to give us a heads up.

Delaware 117
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Tesla’s Elon Musk seeks TX venue in class action lawsuit over Bay Area juror concerns

Teslarati

Musk’s legal team has argued that the CEO believes there is a lack of unbiased jurors in the Bay Area. Elon Musk and other Tesla board members are facing a lawsuit that alleged that the CEO manipulated the company’s stock in 2018. A federal judge is currently considering the motion from Musk’s legal team. .

Legal 106
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Tesla’s Elon Musk responds to JPMorgan suit with “final warning” — for a 1-Star Yelp review

Teslarati

Last week, reports emerged that JPMorgan, one of the United States’ biggest banks, has sued Tesla for $162 million over stock warrants that are linked to CEO Elon Musk’s “funding secured” tweet from August 2018. Tesla sued by JPMorgan over Musk’s 2018 ‘funding secured’ Tweet.

Legal 145
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Driving Dystopia: Eight Automakers Accused of Lying About Customer Data Protections

The Truth About Cars

“Automakers have not only kept consumers in the dark regarding their actual practices, but multiple companies misled consumers for over a decade by failing to honor the industry’s own voluntary privacy principles,” Automotive News quoted the senators as stating in their letter, before asking for an investigation.

Kia 108