Elon Musk's legal team has successfully persuaded the court do dismiss the Dogecoin lawsuit
The complaint claimed that Musk unjustly enriched himself at the expense of plaintiff Keith Johnson and the class by promoting the cryptocurrency on his social media profile.
In April, Musk's lawyers asked the court to dismiss the lawsuit without leave to amend. They claimed that the plaintiffs' allegations were based on"nothing more than inference, speculation, and innuendo." Furthermore, they stated that Musk was not a Dogecoin insider who owed any duty of care to the public. Social media posts referring to him as"Dogefather" were"neither material nonpublic information nor facts" alleging that the cenbillionaire was an insider.
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