Federal Judge Dismisses $258 Billion Dogecoin Lawsuit Against Elon Musk and Tesla

Judge rules Musk's statements about Dogecoin were 'puffery,' not factual claims, making them insufficient for a securities fraud case.

Investors accused Musk and Tesla of inflating Dogecoin's price through public statements and social media posts.
The lawsuit claimed Musk's actions led to significant financial losses for Dogecoin investors.
Judge Alvin Hellerstein found no reasonable investor would rely on Musk's statements for investment decisions.
The case was dismissed with prejudice, preventing it from being refiled.
Musk's lawyers argued his comments were harmless and not intended to manipulate the market.