Tesla CEO Elon Musk in Germany on Friday.Patrick Pleul/Pool via Reuters Tesla filed a countersuit against JPMorgan Chase in response to the bank's breach-of-contract lawsuit. The car maker says the bank is suing it for $162 million partly due to "senior JPM executives' animus" toward CEO Elon Musk. JPM's earlier suit concerns adjustments made to strike prices when Musk tweeted about taking Tesla private. Tesla is countersuing JPMorgan Chase in the latest development in the companies' months-long legal feud.The car maker filed a counterclaim against the bank on Monday in response to JPMorgan's lawsuit last year alleging Tesla breached a 2014 contract regarding stock warrants.The company accused JPMorgan of acting in "bad faith and avarice" when filing its lawsuit, which seeks $162 million from Tesla."Last year, JPM obtained billions of dollars' worth of shares of Tesla's common stock for a bargain price that the parties negotiated in 2014," the countersuit reads.

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News