Dogecoin lawsuit against Musk dismissed by court

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Judge says Elon Musk’s statements were merely promotional and not fraudulent, throwing out lawsuit against him.

Elon Musk, the CEO of Tesla Inc., has won the dismissal of a high-profile $258 billion lawsuit accusing him and his company of manipulating the price of Dogecoin (DOGE), the popular meme-based cryptocurrency.

On Thursday, U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, dismissing the claims made by a group of disgruntled investors.

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