San Francisco, CA
Elon Musk says he can’t get a fair trial in San Francisco, requests Tesla shareholder fraud trial be moved to Texas
Elon Musk desires his upcoming fraud trial with Tesla Inc. shareholders moved out of San Francisco, saying jurors within the area will in all probability be biased towards him due to current layoffs at Twitter Inc. and “native negativity.”
The billionaire who runs each Tesla and Twitter proposed the trial be held in western Texas, the place Tesla moved its headquarters to Austin from northern California a few 12 months in the past, in accordance with a submitting by his attorneys late Friday.
A considerable portion of the San Francisco-area jury pool “is more likely to maintain a private and materials bias towards Mr. Musk on account of current layoffs at considered one of his corporations as particular person potential jurors — or their buddies and relations — could have been personally impacted,” the attorneys wrote. “The prevailing baseline bias has been compounded, expanded, and bolstered by the destructive and inflammatory native publicity surrounding the occasions.”
Traders suing Tesla and Musk, its chief government officer, argue that his August 2018 tweets about taking the electric-car maker non-public with “funding secured” had been “indisputably false” and price them billions of {dollars} by spurring wild swings in Tesla’s inventory value. Musk has maintained that Saudi Arabia’s sovereign wealth fund had agreed to assist his try to take Tesla non-public. The trial is ready to start January 17.
“To be clear, this movement isn’t being introduced just because Mr. Musk has been the topic of destructive information protection. Mr. Musk has been a public determine for greater than a decade and acknowledges that being the topic of destructive and even unfair media consideration comes with the territory,” in accordance with the submitting. “The native media and political institution have tried to depict Mr. Musk as personally answerable for inflicting materials financial hurt to the numerous variety of potential jurors impacted by the layoffs and to the Metropolis of San Francisco as a complete.”
Musk has sparred with Twitter’s hometown of San Francisco after turning some area on the firm’s Market Avenue headquarters into makeshift bedrooms, a doable violation of metropolis constructing codes. Musk has additionally slammed Mayor London Breed over the town’s fentanyl disaster.
He purchased Twitter for $44 billion in late October and put in himself as chief government officer. After Tesla’s company headquarters moved to Austin in December 2021 the corporate nonetheless has a formidable presence in California. In a weblog put up this week, the corporate stated it has 47,000 workers within the state.
Musk’s attorneys assume western Texas would supply a fairer venue than northern California.
“Mr. Musk is way likelier to obtain a good trial within the Western District of Texas,” they wrote. “Mr. Musk has not been the topic of overwhelming, pervasive, and inflammatory press protection by the native media within the Western District of Texas, like he has on this district. Texas information retailers publish far fewer tales about Mr. Musk.”
Our new weekly Influence Report publication examines how ESG information and developments are shaping the roles and obligations of at this time’s executives. Subscribe right here.
San Francisco, CA
3 California beaches closed as collapsed pier debris washes ashore
As detritus from the badly damaged Santa Cruz pier washes ashore, California State Parks officials are keeping three beaches closed. “Because of the amount of debris washing up onto the local beaches from the collapsing Santa Cruz municipal wharf,” Twin Lakes State Beach, Seabright State Beach and San Lorenzo Point will be closed until Dec. 30 at 6 a.m., Santa Cruz State Beaches said.
Seacliff State Beach and Rio Del Mar State Beach both reopened on Christmas morning, though visitors should take care: A high-surf warning is in effect along the coast from Thursday morning until Sunday afternoon. The National Weather Service is advising people to stay off piers and jetties.
About 150 feet of the Santa Cruz pier and an entire building housing a restroom broke off into the ocean on Monday amid battering waves. Three people working on the pier plunged into the water, where two needed rescue and a third was able to rescue themselves. Since then, pieces of the wharf have been washing onto local beaches. There is no estimated reopening for the wharf itself. Waves also pulled support piling from the Cayucos Pier about 160 miles south down the Central Coast. The end of the pier was already closed as it incurred damage during stormy conditions in February.
“Please be cautious when near the ocean, as debris from damage north of Capitola is making its way down the coastline,” the Capitola Police Department said. “Several large pilings from the Santa Cruz wharf have found their way to our shores, creating an extreme hazard. Please use caution if you are in the area.”
San Francisco, CA
San Francisco celebrates Christmas, first night of Hanukkah
San Francisco, CA
St. Anthony's Foundation serves Christmas Day meals in San Francisco
-
Technology5 days ago
Google’s counteroffer to the government trying to break it up is unbundling Android apps
-
News6 days ago
Novo Nordisk shares tumble as weight-loss drug trial data disappoints
-
Politics6 days ago
Illegal immigrant sexually abused child in the U.S. after being removed from the country five times
-
Entertainment1 week ago
'It's a little holiday gift': Inside the Weeknd's free Santa Monica show for his biggest fans
-
Lifestyle7 days ago
Think you can't dance? Get up and try these tips in our comic. We dare you!
-
Technology2 days ago
There’s a reason Metaphor: ReFantanzio’s battle music sounds as cool as it does
-
Technology1 week ago
Fox News AI Newsletter: OpenAI responds to Elon Musk's lawsuit
-
News3 days ago
France’s new premier selects Eric Lombard as finance minister