Tesla Inc. will go to a settlement conference to negotiate a possible end to the securities fraud case over Elon Musk’s 2018 tweets about taking the company private.
The meeting, to take place in October, comes as investors suing Tesla and Musk have made steady progress in the case which is set to go to trial in January.
Two months ago US District Judge Edward Chen concluded that Musk was misleading in his Twitter posts. It was the most recent big win for investors seeking to recover billions of dollars in losses they blame on gyrations in Tesla’s share price