A 2022 class-action lawsuit filed against Elon Musk and Tesla — alleging that the businessman manipulated the price of Dogecoin through media appearances and social media posts — was withdrawn by the plaintiffs on Nov. 14, 2024. https://image.nostr.build/78341b770c58783176ed5243ea96251298987c6ca63e7ddf49c8b0a1b549f667.jpg https://cointelegraph.com/news/dogecoin-investor-lawsuit-against-elon-musk-dropped
The lawsuit accused Musk of engaging in practices that artificially inflated Dogecoin's price, which reportedly surged over 36,000% before experiencing a sharp decline. Plaintiffs claimed that Musk's public statements and social media activity misled investors, constituting market manipulation.Legal Proceedings: Throughout the legal process, Musk and Tesla sought to have the lawsuit dismissed, arguing that the claims were unfounded. A Manhattan federal judge had previously dismissed the lawsuit