• Dogecoin lawsuit plaintiffs claim Elon Musk is using a “bottomless war chest” to fund a harassment campaign against them.
• The plaintiffs accuse Musk and his lawyer Alex Spiro of attacking the competency of their attorney and leaking a private letter to the media.
• The lawsuit originally filed in June 2022 alleges that losses were caused by Musk manipulating the price of DOGE.
Dogecoin Lawsuit
A group of investors sued Tesla CEO Elon Musk in June 2022, alleging that their financial losses were caused by him manipulating the price of Dogecoin (DOGE).
Harassment Campaign Allegations
The plaintiffs now claim that Musk is using a “bottomless war chest” to fund a harassment campaign against them. According to their attorney Evan Spencer, Musk’s lawyer Alex Spiro attacked Spencer’s competency as a lawyer and leaked a private letter between them to the New York Post.
Remove Spiro From Case
In late June, Spencer attempted to remove Spiro as Musk’s lawyer due to ethical violations related to the letter leak.
Bottomless War Chest Accusation
Spencer also claims that Spiro’s actions are funded by an unlawful “bottomless war chest” provided by Musk. He believes this was used to spread the story across multiple outlets, creating fear and doubt about his case with his clients.
Original Lawsuit
The original lawsuit alleged that when promoting Dogecoin, Musk defrauded investors and manipulated its price for his own gain.