JP Morgan sues Tesla for $162m over 'flagrant breach' of contract

clock • 2 min read
JP Morgan sues Tesla for $162m over 'flagrant breach' of contract

JP Morgan is suing Tesla for $162.2m over what it has called a "flagrant breach" of its contractual obligations in a dispute over warrants, according to court filings on Monday (15 November). The US bank has alleged that the electric carmaker breached the terms of a contract that the companies signed regarding repricing the warrants. On top of the $162.2m JP Morgan is seeking from Tesla, it also demands interest, legal fees and expenses. JP Morgan filed a complaint stating that Tesla...

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