January 24th, 2022
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#68
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Senior Member
Join Date: May 2018
Posts: 37,993
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Quote:
Tesla countersues JPMorgan over contract affected by Musk tweet
By Reuters
January 24, 2022
Tesla on Monday fought back against JPMorgan Chase over a disputed bond contract, countersuing the bank for seeking a “windfall” following Chief Executive Elon Musk’s notorious 2018 tweet that he might take his electric-car company private.
In a court filing, Tesla accused JPMorgan of “bad faith and avarice” for claiming it was owed $162.2 million after unilaterally changing the terms of warrants it received when Tesla sold convertible bonds in 2014.
By changing the terms, “JPMorgan dealt itself a pure windfall,” Tesla said in its countersuit filed in Manhattan federal court.
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https://nypost.com/2022/01/24/tesla-...over-windfall/
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