Tesla Just Made It Nearly Impossible for Small Investors to Sue The Company’s Executive
Tesla (NASDAQ:TSLA) just rewrote the rules of the gameagain. In a recent SEC filing, the company announced it will now block shareholders who own less than 3% of its stock from filing derivative lawsuits against its executives or board. That threshold? About 97 million shares, or roughly $34 billion at Friday’s close. This follows Tesla’s