- Ilon Musk’s tweets about DOGE are delaying his insider trading lawsuit, lawyers said.
- They said the legal red tape has dragged on.
- The businessman was accused of insider trading in late May.
Attorneys for Tesla CEO Ilon Musk have filed a motion to dismiss a class action lawsuit that concerns insider trading in DOGE tokens. They said the billionaire’s legal battle with a group of disgruntled investors has dragged on.
In a filing in New York federal court, Musk’s lawyers once again said they intend to file a motion to dismiss the plaintiff’s motion to dismiss. One of the attorneys, Alex Spiro, was critical of the latest complaint, which was filed on behalf of DOGE investors.
“Enough of the. This lawsuit is yet another example of abusive and belligerent tactics,” Spiro wrote in court documents.
Also, Musk’s attorneys called the investors’ complaint “bizarre, confusing and often incomprehensible,” they added:
“There is nothing illegal about posting words of encouragement or funny pictures about cryptocurrency on X (formerly Twitter).”
In addition, the document says the allegations cannot be substantiated because they are based on the DOGE token, which has no actual connection to Musk or Tesla.
Remember, in late May, Ilon Musk was accused of insider trading as part of a class action lawsuit that was filed by investors.