Dogecoin Lawsuit Plaintiffs Claim Elon Musk Using ‘Bottomless War Chest’ for Harassment in New Court Filing


Jul 15, 2023
New court docket paperwork reveal that the plaintiffs within the Dogecoin (DOGE) lawsuit in opposition to Elon Musk are accusing the billionaire of utilizing a “bottomless battle chest” to fund a harassment marketing campaign in opposition to them.

In a brand new submitting, Evan Spencer, the lawyer representing the plaintiffs in opposition to Musk who declare that he defrauded buyers when selling the memecoin DOGE, says that Musk and his lawyer Alex Spiro are utilizing “illegal” ways to discredit him and his purchasers.

Based on Spencer, in a earlier New York Publish article which was subsequently unfold to different shops, Spiro attacked Spencer’s competency as a lawyer and claimed he was mendacity when he accused Musk of proudly owning wallets related to DOGE.

Spencer additionally claims that Spiro leaked a personal letter between them to the Publish. The letter was despatched by Spiro to Spencer, claiming that the accusations in opposition to Musk had been baseless.

“The one potential approach that Spiro’s letter may have discovered its approach into the New York Publish is that if Protection Counsel(s) or an agent or subordinate performing on their behalf offered it to the Publish…

[The] story was revealed on the Publish’s web site, picked up by different media shops together with the broadly learn Yahoo information aggregator, in style monetary information websites Benzinga, and Decrypt, and the Worldwide Enterprise Occasions, and was republished to thousands and thousands of individuals all through america.

On account of the Publish article, which was delivered to my consideration by certainly one of my purchasers, I wanted to assuage the worry and doubt it triggered my purchasers about this case. It seems Defendants are utilizing their bottomless battle chest to finance an illegal harassment marketing campaign in opposition to me and my purchasers.”

In late June, Spencer tried to take away Spiro as Musk’s lawyer over the leaked letter, on the time saying that it “violated a myriad of ethics guidelines.”

Musk was initially sued in June 2022 by a bunch of buyers who allege that their monetary losses had been brought on by the enterprise magnate manipulating the worth of DOGE.

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