Texas

Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’

Published

2 years ago

January 7, 2023

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Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’

Tesla CEO Elon Musk speaks at an occasion in Hawthorne, California April 30, 2015.

Patrick T. Fallon | Reuters

Attorneys for Tesla and Elon Musk are asking a federal decide in San Francisco to maneuver, or delay, a forthcoming trial from Northern California to Western Texas, saying they will not have the ability to discover unbiased jurors and citing “native negativity” towards Musk.

Musk, and different present and former Tesla board members, are set to face a jury in a shareholder class motion that claims the CEO manipulated Tesla’s inventory in 2018 when he tweeted that he was contemplating taking his electrical automobile firm non-public at $420 per share, and had “funding secured” to take action.

Tesla’s inventory buying and selling initially halted, then shares had been extremely risky for weeks after the tweets.

That 12 months, Musk resided in California and Tesla was headquartered in Palo Alto. The Tesla and SpaceX CEO moved his residence to Texas in 2020, and his electrical automobile firm relocated its headquarters to Austin in 2021.

In 2022, Northern California Senior District Choose Edward M. Chen, who’s overseeing the trial, dominated that Musk’s statements in 2018 had been false and that he tweeted them knowingly.

The forthcoming trial and jury will determine whether or not Musk’s now notorious tweets mattered to shareholders, if and the way they impacted Tesla’s share value, and whether or not the corporate or its administrators ought to be held liable and pay damages.

In a movement to switch venue, attorneys representing Tesla and Musk argue that the CEO has garnered intensive and adverse publicity in California after taking up a San Francisco-based social media firm, Twitter, in October 2022.

Musk appointed himself CEO of Twitter, and has lower 1000’s of staff in a collection of chaotic firings and layoffs for the reason that deal closed.

In a current public look in San Francisco, Musk was booed after comic Dave Chappelle invited him on stage.

Quinn Emanuel Urquhart & Sullivan companion Alex Spiro, who has represented Musk in a number of courtroom issues, argued on this newest submitting:

“A considerable portion of the jury pool on this District is more likely to maintain a private and materials bias in opposition to Mr. Musk because of current layoffs at one in every of his corporations as particular person potential jurors—or their mates and kin—might have been personally impacted. The prevailing baseline bias has been compounded, expanded, and strengthened by the adverse and inflammatory native publicity surrounding the occasions.”

Spiro added within the submitting that the “negativity towards Mr. Musk was not remoted to the press.” He mentioned there are common protests and picketing exercise in entrance of Musk’s places of work in San Francisco, including that some are “endorsed and inspired by native political figures.”

Musk and his attorneys have beforehand argued that his statements a couple of doable take-private deal for Tesla in 2018 didn’t violate the legislation.

The Tesla CEO has repeatedly claimed that he made a handshake take care of traders from Saudi Arabia’s Public Funding Fund to take Tesla non-public at $420 per share. Textual content messages revealed in one other trial in 2022 steered Saudi PIF traders had not totally agreed to fund a Tesla deal.

Court docket filings this month within the securities class motion present that Musk’s attorneys have subpoenaed 4 individuals who assist run the Saudi Public Funding Fund to testify on this trial together with Naif Al Mogren, Saad Al Jarboa, Turqi Alnowaise and Yasir Al-Rumayyan.

Learn the submitting from In Re: Tesla Inc. Securities Litigation (Case 3:18-cv-04865-EMC) right here:

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Texas

Dinner at Dallas restaurant becomes holiday tradition for North Texas families

Published

8 hours ago

December 26, 2024

Press Room

Dinner at Dallas restaurant becomes holiday tradition for North Texas families

Holiday traditions run the gamut in North Texas. For some, it means a yearly dinner at a popular Dallas Chinese restaurant. But not just any dinner. These are gatherings reserved months in advance. And Wednesday’s festivities just happened to fall on Christmas day and the start of Hanukkah.

Ask April Kao when they plan to close the Royal China restaurant for the night, and she’ll tell you simply whenever the last person leaves. It’s what she’s grown accustomed to. When the hustle and bustle of the holiday season, with all its excitement and frenzy, comes breezing through the front door of the Royal China restaurant off Preston Road and Royal Lane.

Kao and her husband George, both owners of the restaurant, said opening on December 25 was never part of the original business plan.

“We didn’t used to open on Christmas day,” she said. “And in 2008 after the renovation, people begged and begged, ‘Please you have to open.’”

So, they did, and there’s been a massive turnout ever since. People from surrounding neighborhoods in North Dallas and people from different faith communities rely on Royal China.

“Before we open the door, we have lines outside and it’s getting busier and busier. So we take reservations a year before,” Kao said.

One Dallas family made reservations during the summer just to be sure their 15-year tradition wouldn’t miss a beat.

“My son-in-law, Berry, was the one who first suggested that we come to a Chinese restaurant on Christmas day,” said Lynn Harnden. “And we make our reservations like in July to be sure to come.”

As the years pass, seats are added to the reservation. This year, the Hardens occupied two tables with seventeen guests.

As for upholding family traditions, the Kaos have their own wall of memories at the restaurant. It’s a reminder of how far they’ve come from 1974, when George Kao’s father came from Taiwan with a dream and a plan.

“He is very proud,” he said. “He would smile. He’s smiling from above.”

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Texas

Pleasant Christmas weather for North Texas before storms return Thursday

Published

19 hours ago

December 25, 2024

Press Room

Pleasant Christmas weather for North Texas before storms return Thursday – CBS Texas

Watch CBS News

First Alert meteorologist Brittany Rainey has the latest forecast.

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Texas

Texas A&M vs. USC Prediction, Odds, Picks – December 27, 2024

Published

1 day ago

December 25, 2024

Press Room

Texas A&M vs. USC Prediction, Odds, Picks – December 27, 2024

Data Skrive

The Las Vegas Bowl features a battle between the Texas A&M Aggies (who are 3.5-point favorites) and the USC Trojans on December 27, 2024 at 10:30 p.m. ET on ESPN. The over/under is set at 52.

Facing the Texas Longhorns in their most recent game, the Aggies lost 17-7. Last time out, the Trojans fell to the Notre Dame Fighting Irish, with 49-35 being the final score.

Keep up with college football all season on FOX Sports.

Joel Klatt explains how ‘USC is spiraling and in trouble’ | The Herd

FOX Sports’ Joel Klatt joins Colin Cowherd to discuss USC losing 19 players to the transfer portal and why it is troubling.

Texas A&M vs. USC Game Information & Odds

When: Friday, December 27, 2024 at 10:30 p.m. ET
Location: Allegiant Stadium in Paradise, Nevada
TV: ESPN
Live Box Score on FOX Sports

More College Football Predictions

Texas A&M vs USC Betting Information updated as of December 25, 2024, 2:45 a.m. ET.
Favorite	Spread (Odds)	Favorite Moneyline	Underdog Moneyline	Total	Over Moneyline	Under Moneyline
Texas A&M	-3.5 (-111)	-180	+149	52	-109	-111

Texas A&M vs. USC Prediction

Pick ATS:
Texas A&M (-3.5)
Pick OU: Under (52)
Prediction: Texas A&M 28, USC 24

Predictions are made by the Data Skrive betting model.

Learn more about the Texas A&M Aggies vs. the USC Trojans game on FOX Sports!

Texas A&M vs. USC Betting Insights

Per the spread and over/under, the implied score for the tilt is Aggies 28, Trojans 24.
The Aggies have a 64.3% chance to claim victory in this meeting per the moneyline’s implied probability. The Trojans hold a 40.2% implied probability.
Texas A&M has compiled a 3-9-0 record against the spread this season.
USC has put together a 7-5-0 record against the spread this season.

Texas A&M vs. USC: 2024 Stats Comparison

	Texas A&M	USC
Off. Points per Game (Rank)	30.3 (52)	29.8 (55)
Def. Points per Game (Rank)	21.2 (23)	23.5 (47)
Turnovers Allowed (Rank)	13 (28)	18 (71)
Turnovers Forced (Rank)	17 (61)	16 (69)

Texas A&M 2024 Key Players

Name	Position	Stats
Marcel Reed	QB	1,572 YDS (61.1%) / 12 TD / 4 INT 501 RUSH YDS / 6 RUSH TD / 45.5 RUSH YPG
Le’Veon Moss	RB	769 YDS / 10 TD / 85.4 YPG / 6.4 YPC 10 REC / 141 REC YDS / 0 REC TD / 17.6 REC YPG
Amari Daniels	RB	661 YDS / 8 TD / 55.1 YPG / 4.8 YPC
Noah Thomas	WR	34 REC / 545 YDS / 6 TD / 45.4 YPG
Taurean York	LB	57 TKL / 6 TFL / 2.5 SACK / 1 INT
Nic Scourton	DL	29 TKL / 11 TFL / 4 SACK
Will Lee III	DB	37 TKL / 0 TFL / 2 INT / 2 PD
Dalton Brooks	DB	44 TKL / 5 TFL / 1 SACK

USC 2024 Key Players

Name	Position	Stats
Jo’Quavious Marks	RB	1,133 YDS / 9 TD / 94.4 YPG / 5.7 YPC 47 REC / 321 REC YDS / 0 REC TD / 29.2 REC YPG
Miller Moss	QB	2,555 YDS (64.4%) / 18 TD / 9 INT -18 RUSH YDS / 2 RUSH TD / -2 RUSH YPG
Ja’Kobi Lane	WR	36 REC / 398 YDS / 9 TD / 36.2 YPG
Jayden Maiava	QB	906 YDS (61.2%) / 7 TD / 2 INT 49 RUSH YDS / 4 RUSH TD / 5.4 RUSH YPG
Easton Mascarenas	LB	84 TKL / 4 TFL / 3 SACK / 2 INT
Kamari Ramsey	DB	44 TKL / 4 TFL / 2 SACK
Mason Cobb	LB	61 TKL / 2 TFL / 2 INT / 2 PD
Jaylin Smith	DB	49 TKL / 3 TFL / 2 INT / 2 PD