Dogecoin Plaintiffs File New Motion Against Elon Musk After Leaked Letter | Bitcoinist.com

Bitcoinist
Bitcoinist

28 Jun 2023 4:00 PM

DOGE investors accused Elon Musk of insider trading in a class action lawsuit. They also charged Telsa for Dogecoin price manipulation.....

  • Dogecoin investors have filed a class action lawsuit accusing Elon Musk and Tesla of insider trading and Dogecoin price manipulation, resulting in significant financial losses for investors.
  • The plaintiffs' lawyer, Evan Spencer, has filed a motion to disqualify Quinn Emanuel Urquhart & Sullivan and Tesla's in-house lawyer, Allison Huebert, from representing Tesla and Musk in the lawsuit.
  • Spencer argues that Tesla and Musk have conflicting interests, as Musk allegedly acted alone through his Twitter account.
  • The motion highlights a June 9 letter from Tesla's defense lawyer, Alex Spiro, threatening sanctions against Spencer for filing a false amended complaint.
  • Spencer accuses Spiro of leaking the letter to the New York Post, violating ethics rules and potentially tainting the trial.

The article presents a legal battle between Dogecoin investors and Elon Musk/Tesla, with the investors accusing Musk of insider trading and manipulation. The sentiment is negative, as the investors seek to disqualify Tesla's legal representation and highlight alleged unethical behavior.

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You May Ask

What are the allegations made by Dogecoin investors against Elon Musk and Tesla?Who is representing the plaintiffs in the class action lawsuit?Why did the plaintiffs file a motion to disqualify Tesla's lawyers?What is the significance of the June 9 letter mentioned in the article?How has Tesla's defense counsel responded to the allegations?

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