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IN RE TESLA MOTORS INC. STOCKHOLDER LITIG.

No. 181, 2022.

298 A.3d 667 (2023)

IN RE TESLA MOTORS, INC. STOCKHOLDER LITIGATION.

Supreme Court of Delaware.

Decided: June 6, 2023.

Attorney(s) appearing for the Case

Jay W. Eisenhofer, Esquire , Christine M. Mackintosh, Esquire , Kelly L. Tucker, Esquire , Vivek Upadhya, Esquire , GRANT & EISENHOFER P.A., Wilmington, Delaware; Michael Hanrahan, Esquire (argued), Kevin H. Davenport, Esquire , Samuel L. Closic, Esquire , PRICKETT, JONES & ELLIOTT, P.A., Wilmington, Delaware. Of Counsel: Daniel L. Berger, Esquire , GRANT & EISENHOFER P.A., New York, New York; Lee D. Rudy, Esquire , Eric L. Zagar, Esquire , Justice O. Reliford, Esquire , Matthew Benedict, Esquire , KESSLER TOPAZ MELTZER & CHECK, LLP, Radnor, Pennsylvania; Randall J. Baron, Esquire , David T. Wissbroecker, Esquire , ROBBINS GELLAR RUDMAN & DOWD LLP, San Diego, California for Plaintiffs-Below/Appellants.

David E. Ross, Esquire , Garrett B. Moritz, Esquire , ROSS ARONSTAM & MORITZ LLP, Wilmington, Delaware. Of Counsel: Evan R. Chesler, Esquire (argued), Daniel Slifkin, Esquire , Vanessa A. Lavely, Esquire , CRAVATH, SWAINE & MOORE LLP, New York, New York for Defendant-Below/Appellee.

Robert K. Beste, Esquire , SMITH KATZENSTEIN & JENKINS LLP, Wilmington, Delaware for Amicus Curiae, Corporate Law Professors, in support of Appellants.

Before SEITZ, Chief Justice; VALIHURA, VAUGHN, and TRAYNOR, Justices; and WALLACE, Judge, constituting the Court en Banc.

INTRODUCTION

This is an appeal of an April 27, 2022, post-trial opinion by the Court of Chancery. At issue is the 2016 all-stock acquisition (the "Acquisition") of SolarCity Corporation ("SolarCity") by Tesla, Inc. ("Tesla"). In this suit, Tesla's stockholders claim that...

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