Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation

Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation

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Source: Coindesk.com

A Manhattan judge permanently dismissed a lawsuit that alleged Elon Musk and Tesla manipulated the price of dogecoin (DOGE) by exploiting Musk's social media influence and public statements. Judge Alvin Hellerstein said Musk's statements about dogecoin were "aspirational and puffery," not factual claims, and thus, no reasonable investor would rely on them.

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The post "Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation" appeared first here Coindesk.com.

Source: Coindesk.com

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