A dispute between JP Morgan Chase and electric car-maker Tesla Inc. over a series of warrant transactions has now pitted Davis Polk & Wardwell and Quinn Emanuel Urquhart & Sullivan against each other in a $162 million suit filed this week in Manhattan federal court.

The 19-page complaint, filed Monday night by JP Morgan’s Davis Polk attorneys, centers in part on a now-infamous August 2018 tweet by Tesla CEO Elon Musk, saying that he had “funding secured” for taking his firm private at $420 per share.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]