Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Powered by @unfolded- Elon Musk and Tesla have won the dismissal of a federal lawsuit that accused them of defrauding investors through hyping the cryptocurrency Dogecoin and conducting insider trading.
- Investors claimed that Musk used Twitter posts, appearances on TV, and other publicity stunts to profit at their expense through various Dogecoin wallets controlled by him or Tesla.
- The investors alleged that Musk deliberately drove up Dogecoin's price and then let it crash, often timing trades to his public statements and activities.
- Musk's lawyers argued that the plaintiffs had no case, stating that there was nothing wrong with Musk's tweets about Dogecoin and no evidence that he or Tesla sold the cryptocurrency.
https://finance.yahoo.com/news/elon-musk-tesla-win-dismissal-225936519.html