Under the terms of the agreement, shareholders of SolarCity will receive 0.110 shares of Tesla common stock for each share of SolarCity common stock they own.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SolarCity or not acting in the Company's shareholders' best interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
Logo - http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ryan--maniskas-llp-announces-investigation-of-solarcity-corporation-300307742.html
SOURCE Ryan & Maniskas, LLP