Elon Musk's Dogecoin Lawsuit Concludes Without Appeal

Investors drop their $258 billion case against Musk, ending legal battles over alleged market manipulation.

Investors accused Musk of manipulating Dogecoin prices through public statements and media appearances, including his 'Saturday Night Live' stint.
U.S. District Judge Alvin Hellerstein dismissed the case in August, citing lack of evidence for securities fraud based on Musk's tweets.
Both parties agreed to withdraw appeals and sanctions motions, with the decision pending judge approval.
The lawsuit was marked by claims of a 'pump and dump' scheme, which the judge found unsubstantiated.
Musk was recently appointed to co-lead the new Department of Government Efficiency, a nod to Dogecoin's acronym, by President-elect Donald Trump.