American Judge Denies Elon Musk's Request to Overturn Twitter Investor Conviction
A U.S. federal judge has rejected Elon Musk's request to overturn a court ruling that found he deceived Tesla investors through tweets about fake accounts, which led to an 18% drop in the company's stock and caused losses for shareholders. The judge affirmed that concerns over the deal do not justify lying to investors and approved the decision issued last March, with Musk cleared of responsibility for one particular tweet that was deemed not to have affected the market. Other lawsuits remain pending against Musk regarding allegations of investor fraud.
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