• Elon Musk is facing a $258 billion lawsuit over alleged Dogecoin market manipulation.
• Key litigator Adam Gabor Mehes has withdrawn from the legal team, with Allison Huebert stepping in to fill the void.
• The class action lawsuit accuses Musk of manipulating Dogecoin’s price after his appearance on SNL in 2021.

Elon Musk Facing $258 Billion Lawsuit

Elon Musk, CEO of Tesla, is currently embroiled in a $258 billion lawsuit over allegations of Dogecoin market manipulation.

Key Litigator Withdraws

Adam Gabor Mehes, a key figure in Musk’s legal team, recently filed a motion to withdraw his counsel. This reshuffling of the legal team could potentially be critical for this high-stakes case.

Allegations Against Elon Musk

A faction of DOGE investors has accused Musk of exploiting his social media presence to artificially inflate Dogecoin’s value after his appearance on Saturday Night Live in May 2021 and cashing out when the price was soaring. However, Musk and his legal team have denied these allegations.

Class Action Lawsuit

The accusations against Elon Musk culminated into a class action lawsuit being filed against him for allegedly manipulating the price of Dogecoin.

Musk’s Legal Team Reorganizing

In light of these developments, Allison Huebert, formerly a litigator at the Quinn Emanuel law firm, has been added to Musk’s defense team as Adam Gabor Mehes steps back from the case.

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