warrants News

JPMorgan Sues Tesla For $162M After Musk Tweets Soured Warrant Deal

NEW YORK–JPMorgan Chase & Co has sued Tesla Inc for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank. Warrants give …

Insurer Off the Hook for Claim Because Pilot Skipped Simulator Training

The co-pilot never attended flight simulator school, but the chief pilot let him take the wheel anyway. The plane crash-landed at the Aspen, Colorado airport. Nobody was hurt, but the owner of the airplane will not collect on its $5 …