Musk's lawyers called Dogecoin 'a legitimate cryptocurrency' and the lawsuit, Johnson v. Musk et al., a 'fanciful work of fiction.'
In Johnson v. Musk et al., filed in the Southern District of New York federal court, Musk’s lawyers filed a formal motion to dismiss this past Friday in regards to the racketeering lawsuit the tech mogul currently faces for his involvement in promoting the cryptocurrency Dogecoin.Musk’s lawyers are arguing that the lawsuit is rubbish—more specifically, that the plaintiffs never actually described how Musk’s statements in favor of Dogecoin defrauded anyone, or what risks Musk hid from investors.
“The Complaint is a fanciful work of fiction that fails to state any actionable claim against Defendants Elon Musk and Tesla and must be dismissed in its entirety with prejudice,” Musk’s lawyers wrote in a memorandum related to the motion to dismiss, filed on Friday evening in Manhattan court. “Mr. Musk posted innocuous and often silly tweets about a cryptocurrency called ‘Dogecoin.
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