A group of Dogecoin investors filed a lawsuit against Elon Musk.The plaintiff's lawyer requested the judge to dismiss Musk's lawyer
- A group of Dogecoin investors filed a lawsuit against Elon Musk.
- The plaintiff's lawyer requested the judge to dismiss Musk's lawyer.
DOGEA group of Dogecoin investors filed a lawsuit against Elon Musk.
The DOGE investor lawyer requested the judge to remove Musk's lawyer from the lawsuit, citing his involvement in the devaluation behavior. In addition, there were instances of oppressive misconduct in the petition submitted to the Manhattan Federal Court.
Dogecoin investors sue Elon Musk
6 1 Dogecoin investors sue Elon Musk Twitter DOGE memecoin memecoin
Investors have filed a lawsuit to the Manhattan Federal Court, accusing Musk of using his microblog site Twitter posts, participating in NBC's "Saturday Night Live" in 2021 and other planned Publicity stunt to trade at the cost of multiple Dogecoin wallets for profit. He or Tesla controls it.
Investors added that Musk sold $124 million worth of Dogecoin after changing the Twitter logo in April. Musk has changed the Twitter logo to Dogecoin's ShibaInu dog logo. This has led to a surge of over 30% in the trading price of DOGE.
The document also added that Musk deliberately engaged in carnival barking and Market manipulation. Moreover, insider trading deceives investors and promotes themselves and the company.
The defendant is suspected of using dirty means
The plaintiff stated that the trial must be defended and questioned by lawyers rather than defenders. In addition, Tesla is a publicly traded company and its CEO cannot directly link the company's legal defense to its goals. He also emphasized the main point of the letter, that is, the report of New York Post on June 15 was used as evidence of the defendant's dirty tricks.
Alex Spiro, the lawyer of Elon Musk, wrote a letter asking to dismiss the accusation against Tesla CEO Musk. In addition, Spiro also denied the allegations made by DOE investors. And attacked the ability of a DOGE investor lawyer.
The plaintiff's lawyer requested the judge to dismiss Musk's lawyer, Spiro, and other lawyers from Quinn Emanuel Law Firm. And impose economic fines on their behavior. However, Musk denied the allegations made by Dogecoin investors.
As of the time of writing this article, the transaction price of Dogecoin is about 0.06468 dollars. In addition, the decline in the past 24 hours was approximately 3.04%. According to CoinMarketCap data, the trading volume of DOGE has surged by over 38.48%.
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