Dogecoin Lawsuit Plaintiffs Claim Elon Musk Using ‘Bottomless War Chest’ for Harassment in New Court Filing
New court documents reveal that the plaintiffs in the Dogecoin (DOGE) lawsuit against Elon Musk are accusing the billionaire of using a “bottomless war chest” to fund a harassment campaign against them.
In a new filing, Evan Spencer, the attorney representing the plaintiffs against Musk who claim that he defrauded investors when promoting the memecoin DOGE, says that Musk and his lawyer Alex Spiro are using “unlawful” tactics to discredit him and his clients.
According to Spencer, in a previous New York Post article which was subsequently spread to other outlets, Spiro attacked Spencer’s competency as a lawyer and claimed he was lying when he accused Musk of owning wallets associated with DOGE.
Spencer also claims that Spiro leaked a private letter between them to the Post. The letter was sent by Spiro to Spencer, claiming that the accusations against Musk were baseless.
“The only possible way that Spiro’s letter could have found its way into the New York Post is if Defense Counsel(s) or an agent or subordinate acting on their behalf provided it to the Post…
[The] story was published on the Post’s website, picked up by other media outlets including the widely read Yahoo news aggregator, popular financial news sites Benzinga, and Decrypt, and the International Business Times, and was republished to millions of people throughout the United States.
As a result of the Post article, which was brought to my attention by one of my clients, I needed to assuage the fear and doubt it caused my clients about this case. It appears Defendants are using their bottomless war chest to finance an unlawful harassment campaign against me and my clients.”
In late June, Spencer attempted to remove Spiro as Musk’s lawyer over the leaked letter, at the time saying that it “violated a myriad of ethics rules.”
Musk was originally sued in June 2022 by a group of investors who allege that their financial losses were caused by the business magnate manipulating the price of DOGE.
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