The suit accuses Musk and Tesla of manipulating the market for the Dogecoin cryptocurrency and causing billions of dollars in losses to investors. The original complaint was filed by Evan Spencer of Evan Spencer Law in June 2022.
June 01, 2023 at 05:40 PM
3 minute read
The original version of this story was published on New York Law Journal
The plaintiffs pursuing a proposed securities fraud class action suit against Elon Musk in the Southern District of New York are seeking to amend their complaint to include alleged market manipulation by Musk in recent months, including his actions as CEO of Twitter.
The suit accuses Musk and Tesla of manipulating the market for the Dogecoin cryptocurrency and causing billions of dollars in losses to investors. The original complaint was filed by Evan Spencer of Evan Spencer Law in June 2022.
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Elon Musk, chief executive officer of Tesla Inc., arrives at court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Photo: Samuel Corum/Bloomberg
