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Opening statements are set to begin today in the first U.S. trial over allegations that Tesla’s Autopilot driver assistant feature led to a death, and its results could help shape similar cases across the country. The trial, in a California state court, stems from a civil lawsuit alleging the Autopilot system caused owner Micah Lee’s Model 3 to suddenly veer off a highway east of Los Angeles at 65 miles per hour, strike a palm tree and burst into flames, all in the span of seconds. Read more about the case.
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Shareholders with qualms about proposed settlements in Delaware Chancery Court will have to think hard about just how far they’re willing to take their protests, thanks to new rules the court adopted on Monday. The new provision, as Alison Frankel explains, requires objectors to put up “adequate security” if they want to oust lead plaintiffs and take over litigating the case. That scenario doesn’t happen often, Frankel says, though it recently arose in the viciously-contested litigation over AMC’s equity restructuring. Chancery rulemakers, Frankel says, seem to want to mitigate risk from objections. But are they ignoring the risk that legitimate challenges won’t be brought?
Check out other recent pieces from all our columnists: Alison Frankel, Jenna Greene and Hassan Kanu
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