Fun

News Feed - 2023-07-08 05:07:51

Tristan Greene3 hours agoElon Musk’s lawyers respond to motion to kick Tesla team off Dogecoin case: ‘Waste of this court’s time’The strongly worded legal filing comes in response to an attempt to have Tesla’s lawyers sanctioned over supposed conflicts of interest and alleged misconduct.1331 Total viewsListen to article 0:00NewsJoin us on social networksLawyers representing billionaire Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258 billion lawsuit alleging Musk participated in an illegal racketeering scheme related to the Dogecoin (DOGE) cryptocurrency.


In a filing dated July 6, Musk and Tesla’s team responded to the June 25 motion filed by Evan Spencer, a lawyer representing the plaintiffs in the case against Musk.


Spencer referred to the defendants’ lawyers as “yes men” in his filing and asked the judge to declare it a conflict of interest for the team to represent both Musk and Tesla. “Defense counsel is acting in this case as concurrent representatives of both Defendants,” reads the complaint, “while their real loyalty is to Elon Musk alone.”


Related: Elon Musk accuses Mark Zuckerberg of cheating: Twitter vs. Threads


The legal team representing Musk and Tesla minced no words in its response, referring to Spencer’s motion as “unsubstantiated” and “frivolous” three times in the table of contents alone.


According to the defendants’ representatives, there is no conflict of interest under New York law. They claim that the law provides for legal teams to represent the officers of companies they also represent, except in situations where the two entities are legal adversaries. Per the July 6 filing:“Spencer’s Motion [...] is an egregious abuse of process, yet another fanciful work of fiction by Spencer in a long chain of such pleadings, a waste of this Court’s time, and an insult to undersigned counsel, well-regarded members of the Bar of this Court and recently admitted by the Court pro hac vice.”


The filing goes on to address allegations made by Spencer that Tesla’s legal team leaked a letter to the New York Post purportedly disparaging Spencer’s frivolity with Rule 11. Essentially, the letter accused Spencer of having a history of filing frivolous motions to delay court procedures.


Spencer’s filing for a motion to have the defense team sanctioned claims that this action polluted the jury pool.


Musk’s and Tesla’s lawyers dispute the allegation that they leaked the letter and, in their filing, counter with the contention that it was Spencer who introduced the letter to the jury pool by publicly docketing and introducing it to the jury through the June 25 motion.# Dogecoin# Altcoin# Court# Tesla# Elon MuskAdd reactionAdd reactionRelated NewsHow to check an Ethereum transactionThe Supreme Court could stop the SEC’s war on cryptoTop 5 dog-themed cryptocurrencies by market capPrice analysis 6/28: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOTPrice analysis 7/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC, MATIC, DOTPrice analysis 7/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

News Feed

XRP Is The ‘Strongest Chart In Crypto,’ Says Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session
Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-we
Dogecoin Rally Ahead? 85% Growth Expected by 2025 —Analyst
Este artículo también está disponible en español. Dogecoin (DOGE) is expected to experience an 85% price increase, which could potentially elevate its value to approximat
XRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets Revealed
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading
CFTC"s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading Cryptocurrency exchange Coinbase is disabling its margin trading product in order to compl
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied The government of Venezuela is now focusing its action on trying to establish the bolivar as the
Gold Price Expected to Rally Despite Concerns About Lockdown 2.0
Gold Price Expected to Rally Despite Concerns About Lockdown 2.0 Gold industry players say the inevitable printing of new money by the U.S. will lead to an incre
‘Panic of 2023’: James Corbett Explains How Bank Crisis Could Lead to CBDC ‘Nightmare of Total Monetary Control’
"Panic of 2023": James Corbett Explains How Bank Crisis Could Lead to CBDC "Nightmare of Total Monetary Control" Investigative journalist James Corbett has recently referred to the
Bitcoin Miners Are Changing The Status Quo As BTC Price Hits $114,000, Here’s What They’re Doing
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
How much does it cost to build a crypto mining rig at home?
Elena Perez10 hours agoHow much does it cost to build a crypto mining rig at home?The cost of building a home mining rig is significant, but there are ways that would-be crypto miners can economize their build.2553 Total
EA Wants You to Invest in Crypto, or Does It?
EA wants you to invest in crypto, or does it? The gaming powerhouse authored a tweet a little over an hour ago pushing its 5.5 million followers to invest in cryptocurrency. Source:
Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies
Google Profits off Impersonations of Banned Cryptocurrency Celebs and CompaniesCryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersona