Azealia Banks has been subpoenaed in the Elon Musk $420 'funding secured' class action lawsuit
- Azealia Banks has been subpoenaed in a class action lawsuit concerning Elon Musk's tweets about taking Tesla private at $420 per share.
- "The first round of Elon Musk bulls--- was stressful enough," Banks said. "I don't have the bandwidth for another row with him."
- Business Insider has also been subpoenaed.
- In 2019, a judge granted the motion to serve document-preservation subpoenas against Banks and Business Insider, as well as Grimes, The New York Times, and Gizmodo.
- It is unclear if Grimes, The New York Times, and Gizmodo have also been subpoenaed to produce documents.
Azealia Banks has been subpoenaed in a lawsuit against Tesla and Elon Musk which, according to the complaint, is partly focused on what happened during a weekend the rapper spent at the Tesla CEO's home back in 2018.
Banks confirmed to Business Insider that she was subpoenaed this week, after posting a photograph of the document on her Instagram. Business Insider has also received a subpoena in the case.
"The first round of Elon Musk bulls--- was stressful enough," Banks told Business Insider in Instagram DM. "I don't have the bandwidth for another row with him."
Banks is being subpoenaed by attorneys for plaintiffs in a class action lawsuit against Musk and Tesla. The lawsuit, filed by Tesla investors in 2018, alleges that Musk made false and misleading statements when he tweeted that funding was "secured" to take Tesla private at $420 a share in 2018.
Banks visited one of Musk's Los Angeles homes the weekend after his $420 tweet, and told Business Insider at the time she saw the CEO "scrounging for investors to cover his ass after that tweet."
Banks said on Thursday that the lawsuit is "not her issue," and that attorneys should look into the musician Grimes, Musk's girlfriend and the mother of his youngest child.
In January 2019, the US District Court of Northern California granted the motion to serve document-preservation subpoenas against Banks and Grimes (whose real name is Claire Boucher) as well as Business Insider, The New York Times, and Gizmodo.
"Ms. Boucher and Ms. Banks were in close contact with Mr. Musk before and after the tweet and are believed to be in possession of relevant evidence concerning Mr. Musk's motives," Adam M. Apton of Levi & Korsinsky, the firm representing the investors, told Business Insider in January 2019. "Business Insider also appears to have relevant evidence in light of its relationship with Ms. Banks."
Business Insider confirmed Banks and Business Insider received a subpoena this week to produce documents and communication related to Musk's $420 tweet. Grimes, The New York Times, and Gizmodo did not respond to Business Insider's request to confirm that they were also subpoenaed to produce documents. Attorneys and representatives for Musk and Tesla also did not respond to Business Insider's request for comment.