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Join the Securities Litigation and Enforcement Group on LinkedInDogecoin Jumps 4% on Elon Musk Tweet
Popular dog-themed cryptocurrency dogecoin (DOGE) jumped about 4% in a handful of minutes following a tweet mention from Elon Musk. DOGE’s price spiked to as high as $0.072 from $0.069 late Wednesday morning after Musk’s post. The token just as quickly pared some of its gains and was trading at just under $0.070 at press […]
Dogecoin Investors Decry ‘Dirty Tactics’ by Elon Musk Lawyers in Insider Trading Case
Lawyers representing a group of Dogecoin investors who are suing Tesla CEO Elon Musk want the billionaire’s lawyers thrown out for misconduct, according to a new court filing in the case. In a filing submitted to the federal court in Manhattan, the DOGE investor lawyers called on the judge to disqualify Musk’s attorneys for showing […]
Elon Musk Had Fun With Dogecoin – Bloomberg
Still there are other problems with the lawsuit. One problem is that the plaintiffs are suing Musk for insider trading and securities fraud, which only works if Dogecoin is a security. Is it? Well. Almost every cryptocurrency, other than Bitcoin and maybe Ether, is probably a security under US securities law, at least in the view […]
Elon Musk accused of insider trading by dogecoin investors
In a Wednesday night filing in Manhattan federal court, investors said Musk used Twitter posts, paid online influencers, his 2021 appearance on NBC’s “Saturday Night Live” and other “publicity stunts” to trade profitably at their expense through several dogecoin wallets that he or Tesla controls. Investors said this included when Musk sold about $124 million of dogecoin in April […]
DOGE Drops After Elon Musk’s Twitter Stops Using Its Dog Logo
Dogecoin (DOGE) dropped after Twitter stopped using the cryptocurrency’s mascot as its logo. It was recently down 7.3% to about 8.6 cents and got as low as 8.5 cents earlier in the aftermath of the change. DOGE surged as high as 10.5 cents on April 3 after Elon Musk’s social-media company inexplicably shifted to using […]
Elon Musk seeks to end $258 billion Dogecoin lawsuit
Elon Musk asked a U.S. judge on Friday to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the lawsuit by Dogecoin investors a “fanciful work […]
Elon Musk $258 billion Dogecoin lawsuit expands | Reuters
The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co. According to an amended complaint filed on Tuesday night in Manhattan federal court, Musk, his electric car company Tesla […]