Elon Musk seeks dismissal of multi-billion dollar lawsuit against Dogecoin

After getting slapped with a $258 billion dollar lawsuit by Dogecoin investors, Elon Musk and Tesla have argued to dismiss the lawsuit in front of a Manhattan Federal court in the United States. Musk’s lawyers have called the multi-billion lawsuit a work of fiction and innocuous tweets from Musk do not constitute fraud. In 2022, Keith Johnson, a dogecoin investor, filed a lawsuit against Elon Musk for artificially inflating the price and called the cryptocurrency a ‘pyramid scheme’.

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