Johnson v. Musk, Case No. 22-cv-05037, SDNY (Manhattan). Keith Johnson sued Musk and his companies, claiming they engaged in illegal racketeering to raise the price of DOGE.
"Defendants falsely and deceptively claim DOGE is a legal investment when it has no value," according to Johnson's complaint. Johnson wishes to represent DOGE traders who have experienced losses since April of this year.
He seeks $86 billion in damages, plus $172 billion in triple damages, as well as an injunction barring Musk and the companies from marketing DOGE and declaring that the DOGE trade is illegal under US and New York law.
Musk or SpaceX, Tesla, and Tesla's lawyer did not respond to press inquiries about the lawsuit right away. DOGE is down 70% this year and is currently trading at $0.05818. It peaked at 74 cents last year before plummeting.