News Explorer — Elon Musk and Tesla Seek Dismissal of $258 Billion Dogecoin Lawsuit

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Apr 1, 2:09 am

Reuters

Elon Musk and Tesla Seek Dismissal of $258 Billion Dogecoin Lawsuit

Elon Musk and Tesla Inc. have asked a U.S. judge to dismiss a $258 billion lawsuit accusing them of running a pyramid scheme to support Dogecoin. Musk's lawyers argued that the investors failed to explain how Musk intended to defraud anyone or what risks he concealed, and that his statements were too vague to support a fraud claim.

Elon Musk and Tesla Inc. have asked a U.S. judge to dismiss a $258 billion lawsuit accusing them of running a pyramid scheme to support Dogecoin. Musk's lawyers argued that the investors failed to explain how Musk intended to defraud anyone or what risks he concealed, and that his statements were too vague to support a fraud claim.

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