Tesla CEO Elon Musk scored a legal win on Nov. 6, as a federal appeals court upheld a jury’s decision clearing him of securities fraud over his 2018 tweets about taking the electric vehicle company private.
The 9th Circuit Court of Appeals issued a memorandum and disposition on Wednesday, rejecting claims from a group of Tesla investors that the instructions a judge gave to jurors before they cleared Musk of liability in a February 2023 verdict were flawed and so warranted a new trial.
In the ruling, the three-judge panel concluded that there were no errors in jury instructions that would justify a new trial. The court also found that the instructions did not unfairly raise the burden of proof for the investors, and that the instructions were in line with the law….