The trial's original kickoff date was for March 2020, and is now expected to commence by this summer.
#LUMINAR STOCK IPO TRIAL#
Last year, Tesla was supposed to go to trial trial over shareholder allegations that Musk forced his electric vehicle company into acquiring an allegedly illiquid solar business, SolarCity, for more than $2 billion in order to benefit himself and family members, was postponed by more than a year. The company did not hire another top lawyer after that, and Prescott served as vice president of legal and acting general counsel. Dane Butswinkas took over but his tenure lasted only about two months, and Jonathan Chang took over as general council but left in December 2019. In December 2018, Todd Maron, Musk's top lawyer for the previous four years, left the company. Tesla previously lost three general counsels over the course of a year in 20. As someone who's dedicated my career to automotive safety and innovation, I'm looking forward to helping drive Luminar to the next level and fulfill the mission to make transportation safer for everyone."īill Berry, currently Tesla's head of litigation, who joined in October 2020 and previously spent time working for Google, is expected to head the Tesla department but not assume the role of general counsel according to people familiar with the matter.Īnother change at the top of Tesla's legal department could prove challenging at a time when the company is facing new suits, federal probes and trials that were long-delayed due to the impact of Covid on U.S. "Luminar has pioneered safety-critical technology that will power our autonomous future.
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