Lawyers for Dogecoin investors, Evan Spencer, accused Elon Musk’s legal team of violating regulations, regarding the case of alleged price manipulation. memecoins the.
In a recent filing filed in New York federal court, Spencer served as the lead attorney in the lawsuit class-action against Musk, reiterating his argument for suspending the Tesla boss’ legal team from the case.
“It appears that the defendants used their unlimited armor to fund a campaign of unlawful harassment against me and my clients,” Spencer wrote. decrypt in the press recently.
Inevitably, this indictment continues the saga in allegations that Musk manipulated the price of Dogecoin in court.
Previously, on June 26, Spencer filed a request to remove Musk’s lawyers from the case and was awarded financial sanctions for using dirty tactics in the pretrial proceedings.
At the heart of his indictment, Spencer pointed to a letter written by Musk’s lawyer, Alex Spiro, which was reported by New York Post on June 15th.
The letter demands the withdrawal of an amended lawsuit that claims Musk secretly owned or controlled two wallets that sold millions of DOGE over a two-day period in April as part of an attempt to manipulate their prices.
In response, on July 7, Musk’s legal team issued a reply calling Spencer’s request to remove them an insult and saying his allegation that they were leaked to Post is not proven.
At the same time, they argue that it would not violate ethical rules even if it did.
Spencer countered that he had no prior relationship with the journalist Postand said the leaked letters could only come from Musk’s team or agents acting on their behalf.
“The behavior of the Counsel as described above is certainly consistent with the ruthlessness of Musk shown in the tweets,” Spencer wrote.
Furthermore, the lawyer suggested that further attacks against him were in the works.
“By successfully publishing false claims about me in the media previously, Counsel for the Defendants is and will threaten to place my defamation on the public record again,” the filing reads.
Spencer did not cite any evidence to support this claim, and he did not point to any other incident other than the article Post as evidence.
When contacted by decryptSpencer declined to comment.
A US$258 billion court battle between the world’s richest man and meme coin investors began in June last year over allegations that Musk was involved in a blackmail scheme to support cryptocurrencies the.
According to CNBCpara investors accuse Musk deliberately raised the price of Dogecoin by more than 36,000 percent over two years and then let it fall.
In filings Wednesday in Manhattan federal court, investors said Musk used the media and other publicity stunts to make profitable trades at their expense.
Musk refers to dogecoin as cryptocurrencies favorite in early 2019, changed his Twitter bio to the description of being the former CEO of dogecoin.
This lawsuit case is being handled by the US District Court, Southern District of New York. [ab]