JPMorgan Chase & Co. agreed to drop a lawsuit it filed against Tesla Inc. three years ago seeking $162 million tied to stock warrant transactions.
The move to end the litigation was announced Friday in a one-page court filing by both sides, in which they dropped their claims against each other without the ability to refile them. They didn’t disclose any settlement agreement.
“JPMorgan and Tesla have decided to enter into a new commercial relationship and settle the outstanding disputes between the companies,” a bank spokesperson said in an emailed statement Saturday. “This is a