Key Points:
Adam Gabor Mehes, an attorney on the verge of leaving, has signaled to withdraw his attorney in Musk’s $258 billion lawsuit related to the alleged Dogecoin (DOGE) market manipulation. It is reported that this lawyer has only been in office for less than a year and has actively participated in many legal proceedings related to Musk before.
Meanwhile, Tesla’s legal team has applied to the court to invite their new attorney, Allison Huebert, who previously worked as a litigator at law firm Quinn Emanuel, in the DOGE market manipulation case.
Earlier in the news in June of this year, Musk denied the “Dogecoin whale” allegation. It is known that in June last year, Musk was also accused of manipulating the price of Dogecoin to the detriment of the interests of retail investors.
Musk has repeatedly denied allegations of market manipulation and insider trading related to the meme coin. A group of DOGE investors alleges he used his social media accounts to pump money after he appeared on NBC’s Saturday Night Live.
The Elon Musk’s lawyer also defended Musk’s tweets as innocuous, unable to affect the market. “There is nothing illegal about posting support on Twitter or sharing funny photos of a cryptocurrency with a market capitalization of nearly $10 billion. The court should end the plaintiff’s imagination and dismiss the claim complaint,” Musk’s lawyers wrote.
Last week, another lawyer for Musk, Alex Shapiro, denied allegations that the billionaire owns several digital wallets containing millions of dollars worth of Dogecoins.
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