Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report By Cointelegraph

© Reuters

Elon Musk and his lawyers reportedly requested a United States judge dismiss a $258 billion lawsuit filed by investors who alleged he operated a pyramid scheme to promote the cryptocurrency (DOGE).

According to an April 1 Reuters report, Elon Musk’s lawyers stated that the lawsuit against Musk — filed by Dogecoin investors in June 2022 — was a “fanciful work of fiction” in Manhattan’s federal court on March 31.