A lawsuit alleging that Elon Musk manipulated the price of Dogecoin is drawing to a close, as investors have decided to withdraw their appeal against a dismissal issued on August 29. This case centered on accusations that Musk, one of the world’s richest individuals, and his electric vehicle company, Tesla, engaged in fraud and insider […]
A US District Court Judge dismissed the lawsuit, saying that “no reasonable investor” could rely on Musk’s Dogecoin tweets for investment decisions.