Musk’s Dogecoin Legal Team Sees a Shuffle
Musk is facing a serious court battle regarding alleged Dogecoin price manipulation. His legal team is undergoing changes.
As Elon Musk continues to argue that he did not manipulate the price of the most well-known memecoin Dogecoin, his leading in-house lawyer Adam Gabor Mehes has decided to step down.
According to a recently disclosed court filing, the Manhattan lawyer has filed a motion to withdraw his participation in the $258 billion lawsuit. Allison Huebert, an attorney specializing in complex commercial litigation and arbitration, is set to replace him.
According to her bio, Huebert, a member of State Bar Illinois with 10 years of practice, represent clients in high-stakes, high-dollar disputes involving breach of contract, class actions, professional malpractice, consumer fraud, insurance coverage, employment discrimination, False Claims Act, and mass tort claims.
“I have represented both plaintiffs and defendants before state and federal courts, and in domestic and international arbitration proceedings,” her bio reads.
Even though it is stated that Huebert works with the prestigious Quinn Emanuel Urquhart & Sullivan firm, her profile is currently unavailable on the firm’s site.
The shuffle comes shortly after one of Musk’s attorneys, Alex Spiro, and Evan Spencer, the plaintiff’s lawyer, had a vicious exchange. In a “nasty missive” obtained by the New York Post, Spiro writes a letter to Spencer, saying “You specifically allege, without basis, that the following wallets ‘belong’ to Defendants. You are wrong.”
Tesla CEO stands accused of using his social media account to pump Dogecoin after his NBC's Saturday Night Live appearance. Furthermore, the plaintiff states that he cashed in $95 million worth of Dogecoins. According to allegations, Musk and Tesla owned digital wallets of the transactions made between April 3 and April 6. Back then, Twitter replaced its blue bird logo with Dogecoin Shiba Inu symbol, boosting Dogecoin’s price by 30%.
He denies the allegations.
Previously, Gagarin News reported that Musk is the richest man.
