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News Explorer — Federal Judge Dismisses Class Action Lawsuit Accusing Tesla, Musk of Market Manipulation Involving Dogecoin

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Aug 30, 2:37 am

Decrypt

Federal Judge Dismisses Class Action Lawsuit Accusing Tesla, Musk of Market Manipulation Involving Dogecoin

A federal judge dismissed a class action lawsuit accusing Tesla and Elon Musk of market manipulation through public praise of Dogecoin. The plaintiffs sought $86 billion in damages but the judge ruled that Musk's statements were aspirational and not factual. The rest of the case made by the investors was unclear.

A federal judge dismissed a class action lawsuit accusing Tesla and Elon Musk of market manipulation through public praise of Dogecoin. The plaintiffs sought $86 billion in damages but the judge ruled that Musk's statements were aspirational and not factual. The rest of the case made by the investors was unclear.

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