 | On August 29, US District Judge Alvin Hellerstein of the Southern District of New York ruled in favor of Elon Musk and Tesla, dismissing a $258 billion lawsuit against them. The lawsuit claimed that Musk used his influence to manipulate Dogecoin’s price with tweets and public appearances, including on NBC’s “Saturday Night Live.” The lawsuit, led by Keith Johnson and a group of fellow investors, alleged that Musk and Tesla promoted Dogecoin as a legitimate investment while orchestrating market manipulation tactics. The plaintiffs argued that his manipulation caused a price surge followed by a sharp decline that harmed investors. [link] [comments] |
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