• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Lawsuit Against Elon Musk Over Dogecoin Concluded: Parties Drop Claims

user avatar

by Giorgi Kostiuk

a year ago

A high-profile lawsuit against Elon Musk and Tesla over Dogecoin manipulation has concluded.

Case Background

Investors accused Elon Musk and Tesla of fraud and insider trading. However, their appeal of the case dismissal was withdrawn. They also sought sanctions against his legal team for demanding large attorney fees.

Court Decision

Both sides agreed to drop their lawsuits in a stipulation filed in Manhattan federal court. The agreement, which requires approval by U.S. District Judge Alvin Hellerstein, effectively ends the legal battle. Judge Hellerstein dismissed fraud claims in August, noting Musk's statements were too vague for reasonable investors to rely on.

Context and Implications

Elon Musk has long been linked to Dogecoin's popularity rise. The lawsuit's conclusion coincides with his new role as co-chair of an initiative launched by Donald Trump, focusing on government efficiency.

The court's decision ends the prolonged legal battle and clears Elon Musk of charges related to Dogecoin price manipulation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Employee Resigns from Input Output Global Amid Cardano Incident Fallout

chest

An employee from Input Output Global resigned due to concerns over legal risks associated with development mistakes after the Cardano incident.

user avatarGustavo Mendoza

Cardano Experiences Major Chain Split Due to Software Flaw

chest

Cardano experienced its first significant chain split in eight years due to a software flaw, leading to a temporary division of the network.

user avatarMiguel Rodriguez

Homer J Admits Responsibility for Cardano Chain Split Incident

chest

Homer J admitted responsibility for the Cardano chain split incident, stating it was a personal challenge gone wrong.

user avatarRajesh Kumar

Stand With Crypto Influences New Jersey Gubernatorial Election Outcome

chest

Stand With Crypto played a crucial role in mobilizing voters during the 2025 New Jersey gubernatorial election, contributing to Democrat Mikie Sherrill's victory by around 450,000 votes.

user avatarLuis Flores

Skepticism Grows Over Soul World Bank Merger Due to Lack of Regulatory Evidence

chest

Skepticism grows over the merger between Soulpower Acquisition Corp and SWB LLC due to the lack of regulatory evidence.

user avatarMaria Gutierrez

Concerns Arise Over Unconfirmed $81 Billion Merger in Crypto Sector

chest

Concerns arise over an unconfirmed $81 billion merger in the crypto sector involving Soulpower Acquisition Corp and SWB LLC, highlighting issues of misinformation and media reliability.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.