Bernstein Liebhard LLP Is Investigating The Proposed Acquisition Of SolarCity Corporation On Behalf Of Tesla Shareholders

NEW YORK, Aug. 4, 2016 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Tesla Motors, Inc. ("Tesla" or the "Company") TSLA breached their fiduciary duties to the Company and its shareholders in connection with Tesla's proposed acquisition of SolarCity Corporation ("SolarCity"). 

On August 1, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which Tesla will acquire SolarCity.  Under the terms of the agreement, SolarCity shareholders would receive 0.11 shares of Tesla common stock for each share of SolarCity common stock, which is an equivalent value of $25.83 per share based on Tesla's closing price on July 29, 2016.

The investigation concerns, among other things, whether Tesla is overpaying for SolarCity and/or failed to adequately protect Tesla and its shareholders in connection with the deal.

If you are interested in discussing your rights as a Tesla shareholder, and/or have information relating to the matter, please contact Seth Ottensoser at (877) 779-1414 or ottensoser@bernlieb.com.

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients.  The Firm has been named to the National Law Journal's "Plaintiffs' Hot List" thirteen times. 

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

ATTORNEY ADVERTISING. © 2016 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Seth Ottensoser
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
ottensoser@bernlieb.com

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SOURCE Bernstein Liebhard LLP