JP Morgan sues Tesla for breach of contract related to Elon Musk's tweets, seeking to recover "over $162 million immediately due and payable."
Here's a copy of the complaint--the basic story seems to be that JPM exercised a contractual right to reduce the strike price on some warrants it owned after Musk's fraudulent 'going-private at $420' tweet, and Tesla disputes the validity of that move. documentcloud.org/documents/2110…
Manafort prosecutor Greg Andres--who's now in private practice at Davis Polk--is JPM's lead counsel in the lawsuit.
Correx: I should maybe qualify "lead." Andres is listed first and named as "lead attorney" on PACER, but another Davis Polk partner is listed first in the complaint and actually signed it--the traditional things for the first chair to do. Andres is one of 'em, at least.
To me, the fascinating thing about this suit is the implicit breakdown in the relationship between a money center bank and a trillion dollar public company over a $162 million dispute. (Seems like a lot of money to mere mortals, I know, but the amount is trivial to the parties.)
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While the delay will irk people, Millett, Wilkins, and Jackson is a way better panel for the Select Committee than the Tatel, Rao, and Walker hydra that some folks were tentatively forecasting.
A defense attorney for the men accused of killing Ahmaud Arbery is currently objecting to Al Sharpton’s presence in the court room, saying it’s intimidating. “We don’t want any more black pastors in here,” he just said.
The judge isn’t having it. “I don’t hear a motion, and I can tell you this: I’m not going to start blanketly excluding members of the public from this courtroom.”
You can watch the trial live here. The jury is back in now, currently watching a video of deposition testimony. pbs.org/newshour/natio…
I’m sure Caro deserves to be busted on some details like any author of a monumental work, but in decency we can’t let the meatheads at the Washington Post Fact Checker desk do it.
Jones Beach was, at its inception circa 1930, a little model of a totalitarian state.
Legions of state police were stationed out there to make sure you didn’t bring your dog or play games involving balls. Guards in towers peered through binoculars at the parking lots to make sure you didn’t change into a bathing suit in your car. In the ‘50s, Moses explained why.
Trump, the judge writes at the end of her 39 page opinion, "is unlikely to succeed on the merits of his claims or suffer irreparable harm, and...a balance of the equities and public interest bear against granting his requested relief."
For his next trick, John Durham is going to prove beyond a reasonable doubt that a guy never got an anonymous phone call from someone he believed to be a Russian-American Chamber of Commerce president.