More Plaintiffs Join $258 Billion Dogecoin Lawsuit Against Elon Musk
Billionaire Elon Musk has always been very vocal about his support for meme coin Dogecoin, and his frequent postings about the cryptocurrency had sent it flying high in the first half of 2021. However, the hype around the cryptocurrency soon died down, taking the price down with it. As expected, some investors were caught in […]
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The Dogecoin Lawsuit against the world’s richest man, Elon Musk, accused of running a crypto pyramid scheme racketeering nearly $258 billion of the investors’ money, has expanded its presence as seven new plaintiffs and six defendants have joined the class action. Keith Johnson, a New England electrician, initially sued Musk and his companies, Tesla and […]
The $258 billion lawsuit filed against Elon Musk, Tesla, and Spacex over their dogecoin promotion has expanded with new defendants and DOGE investors added. The plaintiffs allege that the meme cryptocurrency dogecoin is a Ponzi scheme, emphasizing that Musk and his companies “falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.”
New Defendants and Plaintiffs Added to Lawsuit Against Elon Musk Over Dogecoin
An amended complaint to the $258 billion lawsuit against Elon Musk, Tesla, and Spacex was filed Tuesday in....
Elon Musk, Tesla, and Spacex are being sued for $258 billion over claims that they “are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.” The lawsuit states that Musk and his companies “falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.” Lawsuit Filed Against Elon Musk, Spacex, Tesla Over Dogecoin Dogecoin investor Keith Johnson filed a class-action lawsuit against Elon Musk and his companies, Tesla and Spacex, Thursday in federal court in Manhattan, Bloomberg reported. The....
Musk was seemingly unshaken about the allegation as he doubled down on his love for the Dogecoin ecosystem with a tweet saying, "I will keep supporting Dogecoin." Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).On June 16, a New York district court received a class action complaint against the world’s richest man Elon Musk and his companies, SpaceX and Tesla, for an alleged Ponzi scheme using DOGE tokens. The lawsuit demanded $258 billion in total monetary damages from Musk....
Twitter Inc. has filed a lawsuit against Elon Musk to force the Tesla CEO to go through with the agreement to buy the social medial platform for $44 billion. Twitter alleges that Musk has breached the agreement repeatedly since he signed the deal with the company.
Twitter v. Elon Musk: Lawsuit Battle Begins
Twitter Inc. (NYSE: TWTR) has filed a lawsuit against Tesla and Spacex CEO Elon Musk for backing out of the deal to buy the social media platform. The lawsuit, filed in the Delaware Court of Chancery, names Musk and his companies — X Holdings I and X Holdings II....