Crypto investors who appealed the August 29 dismissal of the case against Elon Musk for fraud and insider trading are now withdrawing their appeal. Additionally, they are dropping the sanctions against Musk’s lawyers, who were previously accused of interfering with the case.
On the other hand, Musk and Tesla have also decided to withdraw their request to sanction the investors’ lawyers, who were accused of pushing a “frivolous” case and pressuring Musk and his company for a settlement.
The agreement to dismiss the appeal and the motions from both parties was submitted to Manhattan federal court on Thursday night, but it still requires approval from U.S. District Judge Alvin Hellerstein.
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Elon Musk Cleared From Doge Rigging Lawsuit was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.