JPMorgan settles lawsuit with Tesla over 2014 stock warrant transaction tied to Musk's tweet.

From Investing.com: 2024-11-30 05:46:17

JPMorgan Chase & Co. has settled its lawsuit with Tesla Inc. over a 2014 stock warrant transaction tied to Elon Musk’s tweet. The bank sought $162 million from Tesla for shares or cash, prompting Tesla to accuse JPMorgan of unjustly lowering the strike price. Both parties have agreed to drop their claims, with details of any settlement undisclosed. The conclusion follows a court ruling denying JPMorgan’s request for a pre-trial judgment. Tesla and JPMorgan have not provided comments on the matter.



Read more at Investing.com: JPMorgan ends lawsuit against Tesla over Musk’s 2018 tweet- report By Investing.com