The Supreme Court sidestepped a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Facebook of misleading investors.
A federal judge in New York has ruled that Elon Musk and his company Tesla has won the dismissal of a federal lawsuit that accused them of both defrauding investors by ramping up the cryptocurrency “dogecoin” and conducting insider trading, causing billions of dollars of losses.
Prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its self-driving capabilities.