Elon Musk has urged a federal judge to shift a shareholder lawsuit trial out of San Francisco. He says negative media coverage has biased potential jurors against him.
SAN FRANCISCO -- Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him.
If a move isn't possible, Musk's lawyers urged that the trial, scheduled to begin Jan. 17, be postponed until negative publicity around Musk's purchase of Twitter has died down. The shareholder lawsuit stems from Musk's tweets in August 2018 when he said he had sufficient financing to take Tesla private at $420 a share, an announcement that caused heavy volatility in Tesla's share price.
The filing by Musk's attorneys also notes that Twitter has laid off about 1,000 residents in the San Francisco area since he purchased the company in late October.
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