Elon Musk Wins Dismissal of Dogecoin Lawsuit
Elon Musk Wins Dismissal of Dogecoin Lawsuit
Elon Musk Wins Dismissal of Dogecoin Lawsuit
News summary

Elon Musk and Tesla have successfully dismissed a $258 billion federal lawsuit accusing them of manipulating Dogecoin prices through tweets and public endorsements. U.S. District Judge Alvin Hellerstein ruled that Musk's statements were 'aspirational and puffery, not factual and susceptible to being falsified,' and that no reasonable investor could rely on them. The plaintiffs claimed Musk's promotion of Dogecoin drove its price up by 36,000% over two years before a crash, leading to significant investor losses. However, the court found no evidence of market manipulation or insider trading. Despite the lawsuit's dismissal, Musk's influence on Dogecoin's market performance remains evident.

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Why Musk dodged a $258 million Dogecoin lawsuit: His words were just 'puffery'
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Reuters
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Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Judge tosses lawsuit alleging Elon Musk caused dogecoin investors to lose billions
Elon Musk wins dismissal of lawsuit alleging dogecoin fraud and insider trading
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4
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2
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2
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Last Updated
18 days ago
Bias Distribution
50% Right
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Story Coverage
alt
Fortune
$
Center
Why Musk dodged a $258 million Dogecoin lawsuit: His words were just 'puffery'
alt
Reuters
Center
Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Judge tosses lawsuit alleging Elon Musk caused dogecoin investors to lose billions
Elon Musk wins dismissal of lawsuit alleging dogecoin fraud and insider trading
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