Below is the first part of an article by Michelle Jones from valuewalk.com. Its reads..
A law firm has announced that it has filed a class action lawsuit against Tesla Motors Inc (NASDAQ:TSLA). Levi & Korsinsky is also seeking a lead plaintiff in the case filed on behalf of certain Tesla Motors Inc (NASDAQ:TSLA) investors.
Tesla investors not batting an eyeA quick search of the web reveals a nearly unending list of lawsuits which are very similar the one they have filed against Tesla. Most of the press releases are worded nearly the same. In short, if you’ve heard a controversy of any kind about a company over the last year, Levi & Korsinsky might be suing them. A couple of the biggest names you might have heard of are NQ Mobile Inc (ADR) (NYSE:NQ) and Herbalife Ltd (NYSE:HLF), but there are many more.
Shares of Tesla Motors Inc (NASDAQ:TSLA) rose more than 2% in trading today in spite of the announcement about the lawsuit last night. It would seem that at least for now, this case isn’t enough to scare investors.
Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo Twitter, Marc Primo Manta, Marc Primo Facebook, Marc Primo Squarespace, Marc Primo Pulisci Dot Com, Marc Primo Dot Com