Gutiérrez asks about bylaws barring shareholder class actions
Council Member Jennifer Gutiérrez asks whether new bylaws bar shareholder class actions and whether users face limits on holding SpaceX accountable; Castillo-Madrid says she cannot confirm and is not aware, and Gutiérrez asks her to get back to the Council.
Thank you.
Councilmember Gutierrez.
Thank you, Chair.
Thank you, Speaker.
Can you confirm if in the new set of bylaws, shareholder class actions are barred?
I cannot confirm that.
Okay.
I'm not aware of that.
Not aware.
Okay.
Are you aware of any other mechanisms or instances where limits to users'abilities to take action exist?
Can you, I'm not entirely sure I understand the question.
So very, very plainly, are there instances where users are not, are being challenged to hold the company, to hold your company accountable?
I brought up the, I asked about the example of an inability to bring up class action suits.
You said you cannot confirm.
Hopefully you'll get back to us.
But are you aware of any other instances where a user cannot hold your company accountable for whatever reason?
Are you aware of any of those challenges?
I mean, we're responsible for following the law and existing laws applied to SI and using SI is not a legal defense.
Are there instances where if a user feels that they have been targeted wrongfully, are there instances where they themselves are not allowed to bring the company to court, for example?
We're responsible for following the law and how it's written.
So I don't necessarily understand where the distinction would be in what you're asking.
Well, I know you can't confirm, but my understanding was in the new bylaws,
shareholders cannot bring
class action suits.
So that's why, that's what I was asking, but hopefully you can confirm and share that with us very soon.