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Musk's Brother Said He Wasn't Aware Elon Pushed SolarCity Deal


Musk’s Brother Said He Wasn’t Aware Elon Pushed SolarCity Deal
Jul 15 2021, 7:00 PM
July 14 2021, 9:18 PM
July 15 2021, 7:00 PM
(Bloomberg) Kimbal Musk, a Tesla Inc. board member, told a Delaware judge he didn’t know his billionaire brother Elon Musk was pushing the company to quickly acquire SolarCity in 2016 and said he didn’t give much weight to concerns about the solar-power provider’s financial problems.“I was unaware of my brother’s activities” surrounding the SolarCity deal, Kimbal Musk told Delaware Chancery Court Judge Joseph Slights III on Wednes.
(Bloomberg) Kimbal Musk, a Tesla Inc. board member, told a Delaware judge he didn’t know his billionaire brother Elon Musk was pushing the company to quickly acquire SolarCity in 2016 and said he didn’t give much weight to concerns about the solar-power provider’s financial problems. ....

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Corwin Cleansing Denied Again: Delaware Court of Chancery Green Lights Claims Alleging Loyalty Breaches Tainting Company Sales Process in In re Pattern Energy Group Inc. Stockholders Litigation | Cadwalader, Wickersham & Taft LLP


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On May 6, 2021, Vice Chancellor Zurn of the Delaware Court of Chancery issued a 200-page decision denying a motion to dismiss in
In re Pattern Energy Group Inc. Stockholders Litigation, a class action challenging the $6.1 billion go-private, all-cash sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) to Canada Pension Plan Investment Board (“Canada Pension”).  The transaction was narrowly approved by 52% of the Pattern Energy stockholders on March 10, 2020, with both ISS and Glass Lewis recommending stockholders vote against the sale.  The sale closed on March 16, 2020. 
Despite having many of the traditional hallmarks of a sound sales process a disinterested and independent special committee authorized to conduct the process, non-conflicted legal and financial advisors counseling the special committee, and multiple viable potential buyers submitting offers the Court denied ....

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Del. Chancery Denies motion to Dismiss In re Pattern Energy Group Inc. Stockholders Litigation


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Corwin Cleansing Denied Again: Delaware Court of Chancery Green Lights Claims Alleging Loyalty Breaches Tainting Company Sales Process in In re Pattern Energy Group Inc. Stockholders Litigation
Tuesday, May 18, 2021
On May 6, 2021, Vice Chancellor Zurn of the Delaware Court of Chancery issued a 200-page decision denying a motion to dismiss in 
In re Pattern Energy Group Inc. Stockholders Litigation, a class action challenging the $6.1 billion go-private, all-cash sale of Pattern Energy Group Inc. (“Pattern Energy” or the “Company”) to Canada Pension Plan Investment Board (“Canada Pension”)
1.  The transaction was narrowly approved by 52% of the Pattern Energy stockholders on March 10, 2020, with both ISS and Glass Lewis recommending stockholders vote against the sale.  The sale closed on March 16, 2020.  ....

United States , Nova Scotia , Wickersham Taft , Wickersham Taft Mar , Chester Cty , Daniel Elkort , Edmund John Philip Browne , Sholders Litig , Sholder Litig , Myers Gen , Michael Lyon , Holdings Inc , Us Ltd , Pattern Energy Grp , Mindbody Inc , Brookfield Management Asset Inc , Caledon Capital Management Inc , Pattern Energy , Baker Hughes Inc , Columbia Pipeline Grp Inc , Financial Holdings , Huff Energy Fund , Supplier Partnership Agreement , Presidio Inc , Pattern Energy Board , Riverstone Pattern Energy Holdings ,