JPMorgan drops lawsuit against Tesla over stock warrants in Manhattan court.

From Investing.com: 2024-11-29 21:56:06

JPMorgan Chase drops lawsuit against Tesla over stock warrant transactions in Manhattan court. No settlement terms disclosed. JPMorgan sought $162.2 million, alleging breach of 2014 contract by Tesla related to stock warrants. Elon Musk’s 2018 tweet on taking Tesla private caused volatility in stock price, leading to warrant repricing by JPMorgan. Tesla countersued JPMorgan in January 2023, accusing bank of seeking a “windfall.” Musk agreed in 2018 to get pre-approval for some tweets from Tesla lawyer after buying Twitter for $44 billion in 2022.



Read more at Investing.com: JPMorgan agrees to drop lawsuit against Tesla over stock warrants By Reuters