The attorneys of those accusing Elon Musk and his company Tesla of defrauding investors are seeking to remove the billionaire’s legal counsel over a leaked letter.
According to a new report by Reuters, a motion has been filed by the plaintiffs’ lawyer, Evan Spencer, to disqualify the legal representatives of Musk and the electric car giant after a leaked private letter between the parties became public.
Spencer claims that Alex Spiro, one of the attorneys working for Quinn Emanuel Urquhart & Sullivan, the law firm that represents the business magnate, leaked a letter between them to The New York Post, which “violated a myriad of ethics rules and demonstrated that [Quinn Emanuel’s] continued defense of this case poses a serious risk of trial taint.”
In the letter, Spiro says the accusation levied toward Musk that he owned a Dogecoin (DOGE) wallet was false and baseless. Furthermore, Spiro says that the only evidence presented against the Tesla CEO is circumstantial.
However, Spencer claims that Spiro lied to the media. Spencer said that he “needed to perform considerable damage control” after the “brazenly false and bizarre” attacks against his character, according to Reuters.
Musk was originally hit with a $258 billion lawsuit in June 2022 by a group of disgruntled investors who claim their financial losses were due to Musk manipulating the price of the memecoin.
Earlier this month, the plaintiffs amended their claim, saying that Musk used his Twitter, his appearance on “Saturday Night Live,” and other methods to influence the price of DOGE so he could profit.
They also claim that Musk sold $124 million worth of the meme asset after its price jumped by 30% after he temporarily changed the iconic Twitter blue bird logo to that of a Shiba Inu dog, which is the same dog in the Dogecoin logo.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/DM7/Natalia Siiatovskaia
