Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 01
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- Important News for Dogecoin – There is a Development in the DOGE Lawsuit Against Elon Musk
- Jan 01, 1970 at 08:00 am Bitcoin Sistemi EN
- Elon Musk and Tesla have settled a high-profile lawsuit alleging fraud and insider trading over Dogecoin, with investors withdrawing their claims and sanctions against Musk's legal team. Judge Alvin Hellerstein dismissed the case, finding that Musk's statements did not constitute securities fraud, despite investors claiming market manipulation caused them financial losses. The lawsuit's conclusion coincides with Musk's involvement in Dogecoin, serving as co-chair of the Department of Government Efficiency (DOGE).
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- Elon Musk and Tesla Win Dogecoin (DOGE) Lawsuit!
- Jan 01, 1970 at 08:00 am Bitcoin Sistemi EN
- A federal lawsuit alleging that Elon Musk and Tesla committed fraud and insider trading by manipulating Dogecoin's price has been dismissed. The plaintiffs claimed $258 billion in damages, alleging that Musk used social media to inflate DOGE's value by 36,000%. However, Musk's lawyers argued that his tweets were not misleading, and Judge Alvin Hellerstein agreed, finding no evidence of fraud or intent to deceive investors. Consequently, the case was dismissed, with the judge stating that reasonable investors would not rely on Musk's tweets for investment decisions.
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