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Tag: securities fraud

Neuralink logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

SEC ‘reopens’ probe into Neuralink, Musk’s lawyer says

The SEC has reopened an investigation into Elon Musk’s brain-chip startup Neuralink, according to a letter shared by Musk on social media platform X.

Read More SEC ‘reopens’ probe into Neuralink, Musk’s lawyer says
A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

US Supreme Court tosses case involving securities fraud suit against Nvidia

The Supreme Court sidestepped a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia.

Read More US Supreme Court tosses case involving securities fraud suit against Nvidia
Facebook, U.S. flag and Judge gavel are seen in this illustration taken, August 6, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

US Supreme Court tosses case involving securities fraud suit against Facebook

The Supreme Court sidestepped a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Facebook of misleading investors.

Read More US Supreme Court tosses case involving securities fraud suit against Facebook
People walk across the plaza of the U.S. Supreme Court building on the first day of the court's new term in Washington, U.S. October 3, 2022. REUTERS/Jonathan Ernst/File Photo

US Supreme Court hears Nvidia bid to avoid securities fraud suit

The Supreme Court began hearing arguments in Nvidia’s bid to torpedo a securities fraud lawsuit accusing the AI chipmaker of misleading investors about how much of its sales depended on the volatile cryptocurrency market.

Read More US Supreme Court hears Nvidia bid to avoid securities fraud suit
Tesla CEO Elon Musk arrives for Israeli Prime Minister Benjamin Netanyahu's speech to a joint meeting of Congress at the US Capitol on July 24, 2024, in Washington, DC. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Elon Musk And Tesla Win Lawsuit Dismissal In Case Alleging Dogecoin Market Manipulation

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.

Read More Elon Musk And Tesla Win Lawsuit Dismissal In Case Alleging Dogecoin Market Manipulation
A Tesla Model 3 vehicle drives on autopilot along the 405 highway in Westminster, California, U.S., March 16, 2022. REUTERS/Mike Blake/File Photo

Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud

Prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its self-driving capabilities.

Read More Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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