- Lawyers for Dogecoin investors in an insider trading lawsuit against Elon Musk are seeking disqualification of Musk’s legal team, accusing them of oppressive misconduct.
- They point to a letter, reported by the New York Post, as evidence of alleged “dirty tactics” by Musk’s attorneys.
Elon Musk, the Tesla CEO, finds himself in the center of controversy once again as lawyers representing a faction of Dogecoin investors, who have lodged a lawsuit against him, are requesting the expulsion of Musk’s lawyers due to alleged misconduct. This development comes as per a recent court filing in Manhattan’s federal court.
The attorneys for Dogecoin investors contend that Musk’s legal team has demonstrated a continual pattern of demeaning and suppressive misconduct throughout the case. They opine that court trials should be a battleground for attorneys, not merely ‘yes-men,’ criticizing Musk’s domination of Tesla’s legal defense for personal interests.
Their criticism specifically targets a letter that Musk’s lawyer, Alex Spiro, authored. This letter, which came into the public spotlight through the New York Post on June 15, is deemed by the plaintiffs as evidence of the underhanded tactics used by Musk’s legal defense. The letter in question pertained to the withdrawal of a revised complaint that implicated Musk of covertly possessing two wallets that liquidated $124 million worth of Dogecoin within a two-day span in April.
The timing of this sale coincided with Twitter replacing its traditional blue-bird icon with the Shiba Inu dog logo of Dogecoin.
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The plaintiffs allege that Musk’s maneuver was a calculated attempt to influence Dogecoin’s price. In Spiro’s letter shared with the Post, he vehemently dismissed these allegations and questioned the competence of one of Dogecoin’s lawyers, Evan Spencer. This attack on Spencer was deemed by the plaintiffs as an effort to prejudice the case.
In light of these allegations, the lawyers for Dogecoin investors have implored the judge to dismiss Spiro and other attorneys from the Quinn Emanuel firm representing Musk. They have also called for financial penalties against them for their alleged conduct. In addition, they have sought the dismissal of Tesla’s attorney, Allison Huebert, for her involvement in Musk’s case.
The ongoing legal dispute, amounting to a whopping $258 billion, revolves around allegations that Musk was part of a racketeering scheme to bolster the cryptocurrency. Musk, known for his open interest in Dogecoin and past collaboration with the token’s founders, has consistently denied any misconduct.
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