Lawsuit claiming Elon Musk rigged dogecoin ends
Investors in the cryptocurrency who said the world's richest person and his electric car company Tesla committed fraud and insider trading are withdrawing their appeal from an Aug. 29 dismissal of their case.
They are also withdrawing a bid to sanction Musk's lawyers for allegedly interfering with the appeal, including by demanding payment of their hefty legal fees.
Musk and Tesla, meanwhile, withdrew their motion to sanction the investors' lawyer for allegedly pursuing a «frivolous» case with ever-changing legal theories to «extort a quick handout.»
A stipulation dismissing the appeal and both sides' motions was filed on Thursday night in federal court in Manhattan. It requires approval by U.S. District Judge Alvin Hellerstein.
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