- Elon Musk’s Dogecoin lawsuit is still ongoing, as the lead lawyer for the plaintiffs speaks up on harassment.
- Evan Spencer, the lead lawyer in the lawsuit filed against Elon Musk, is requesting that Musk’s lawyers be sanctioned.
The ongoing legal battle between Billionaire Elon Musk and some Dogecoin investors has taken an even uglier turn as the case escalates.
Evan Spencer, the head lawyer in the lawsuit filed against the Tesla boss, has spoken up against Elon Musk’s lawyers. Spencer spoke out again, on why he decided to push back on Musk’s lawyer, and their participation in the lawsuit.
He made clear in a filing recently forwarded to the New York federal court on Thursday, that Musk’s lawyers have constantly to harassed him.
In Spencer’s words, “It appears defendants are using their bottomless war chest to finance an unlawful harassment campaign against me and my clients.”
The lawsuit has been referred to by Elon Musk’s lawyers as a “fanciful work of fiction.” Musk’s lawyers previously claimed that the plaintiffs have failed to explain how Musk planned to defraud them. As such, Musk’s tweets like “Dogecoin Rulz”, “no highs, no lows, only Doge” are not reason enough to support claims about the billionaire being fraudulent, the lawyers asserted.
The lawyers further defended Musk, saying that his show of support for the memecoin is not illegal or unlawful. The courts need to put an end to the plaintiffs’ “fantasy and dismiss the complaint” they added.
While the lawsuit is still ongoing, Dogecoin’s price could be at the receiving end of any negative outcome
The letter demanded the withdrawal of an amended complaint alleging Musk secretly owned or controlled two wallets that sold millions in DOGE during two days in April as part of a bid to manipulate its price. Spiro rejected the allegations and attacked Spencer’s competency as an attorney.
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In a letter written by Alex Spiro, one of Musk’s lawyers, Spencer’s credibility as an attorney was not only questioned, Spiro requested that claims suggesting that Musk took part in questionable Dogecoin sales be dismissed.
According to these claims spearheaded by Dogecoin investors, Elon Musk allegedly used two unknown wallets to sell millions of DOGE in April. The investors involved in the case remain convinced that Musk’s goal was to manipulate the price of the asset.
Meanwhile, in response of Spiro’s letter, excerpts of Spencer’s motion to disqualify and sanction Musk’s lawyers read ;
“I have practiced law for 26 years, I work with a motivated and highly competent team of attorneys and assistants whom I trust, I have the experience necessary to litigate this case, and every single allegation in Plaintiffs’ Third Amended Complaint (“TAC”) was made in good faith after 15 months of painstaking research and investigation.”
In the long term, market players are anticipating the outcome of the $258 billion Dogecoin lawsuit, which could also have a major impact on Dogecoin’s price.
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