Tesla says lawsuits could delay planned deal with SolarCity

Tesla Motors Inc. told investors Monday four shareholder lawsuits challenging its deal with SolarCity Corp. could delay the proposed $2.6 billion merger.

Four lawsuits were filed between Sept. 1 and Sept. 14 in Delaware to challenge the merger, mostly alleging breach of fiduciary duty by Tesla TSLA, +0.46% or by SolarCity SCTY, -1.54% board members, Tesla said in a filing Monday. Others may still file, Tesla said.

The suits “could prevent or delay completion of the Merger and result in substantial costs to Tesla and SolarCity, including any costs associated with the indemnification of its respective directors and officers,” the electric-car maker said in the filing.

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