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A lawsuit accusing Elon Musk of rigging dogecoin is ending. Investors in the cryptocurrency who said the world's richest person and his electric car company Tesla committed fraud and insider ...
NEW YORK (Reuters) -Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and ...
The lawsuit claimed Musk and his company Tesla had run an illegal "pump and dump" scheme to inflate the price of Dogecoin, and then cash out after other investors rushed in to buy it. Other ...
On December 14, 2021, Dogecoin spiked more than 20% after Musk said that Tesla will accept the currency as a means of payment for Tesla merchandise. [86] [87] On June 16, 2022, Elon Musk was named in a complaint seeking damages of $258 billion. The complaint was filed in federal court in Manhattan by plaintiff Keith Johnson.
On October 24, 2019, the transcripts of video depositions of Elon Musk and other SolarCity board members became widely available. [97] The trial was held in July 2021. [98] On October 22, 2021, the lawsuit was limited to a derivative lawsuit and the direct claims against Musk were dismissed. [99]
Elon Musk's Department of ... A Feb. 3 lawsuit filed by two unions and an advocacy group for older ... The acronym DOGE is a nod to Musk's support for a cryptocurrency called dogecoin, which was ...
Yahoo Finance's Alexis Keenan explains a lawsuit levied against Tesla, SpaceX, and Elon Musk alleging dogecoin scheme. Tesla, SpaceX, and Musk sued by dogecoin investor for $258 billion [Video ...
The lawsuit comes as Musk's cost-cutting troops have gained access to at least 16 federal agencies, with Trump recently signing an executive order giving DOGE additional authority to help carry ...