More than 38 million shares of the company's stock exchanged hands, or almost 13percentt of its shares outstanding.
But, the complaint says, Mr. Moore then participated in meetings about a possible legislative solution to OneUnited's losses on Fannie and Freddie stock, exchanged e-mails and calls with company executives and spoke with other Congressional staff members about the matter.
If the proposal is approved in a new election, shareholders would have their existing stock exchanged for an equal number of shares in the Stanley Works Ltd., a newly formed Bermuda corporation that would become the parent company of Stanley Works.
If it goes through, it would see SolarCity stock exchanged for Tesla stock.
The companies declined to reveal the financial terms of the deal except to say that there will be no stock exchanged between them.
There's also a $150 million unrealized market value loss on a slug of PCCW stock exchanged for CMGI shares in November 1999 and restricted from resale for three years.
