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alleging that the businessman manipulated the price of Dogecoin through media appearances and social media posts — was withdrawn by the plaintiffs on Nov. 14, 2024.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://cointelegraph.com/news/dogecoin-investor-lawsuit-against-elon-musk-dropped
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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
