💨 Abstract

A lawsuit accusing Elon Musk and Tesla of fraud and insider trading regarding Dogecoin has been dropped. The investors, who initially sought $258 billion, have withdrawn their appeal following an August dismissal by a US judge. Both sides have also withdrawn their motions for sanctions against each other's legal teams. The judge previously dismissed securities fraud and related market manipulation claims due to investors' inability to prove their case.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖