• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Elon Musk is sued over $1 million election giveaway

by November 6, 2024
written by November 6, 2024

By Jonathan Stempel

(Reuters) – Elon Musk was sued in a proposed class action on Tuesday by registered voters who signed his petition to support the Constitution for a chance to win his $1 million-a-day giveaway, and now claim it was a fraud.

The complaint filed by Arizona resident Jacqueline McAferty in the Austin, Texas federal court said Musk and his America PAC organization falsely induced voters to sign by claiming they would choose winners randomly, though they were predetermined.

She also said the defendants profited from the giveaway by driving traffic and attention to Musk’s X social media platform, and by collecting personal information such as her name, address and phone number that they could sell.

A lawyer for Musk and lawyers for McAferty did not immediately respond to requests for comment on the complaint.

McAferty sued one day after a Philadelphia judge denied a request by that city’s district attorney Larry Krasner to end the giveaway, which Krasner called an illegal lottery.

That ruling was largely symbolic because Musk has no plans to give out more money following the U.S. presidential election.

The world’s richest person opened the giveaway to voters in seven battleground states who signed a petition to support free speech and gun rights. Tuesday’s lawsuit seeks at least $5 million in damages for everyone who signed.

Musk is a Texas resident and his electric car company Tesla (NASDAQ:TSLA) is based in Austin.

He has supported Republican Donald Trump in the presidential race against Democratic Vice President Kamala Harris.

The case is McAferty v Musk et al, U.S. District Court, Western District of Texas, No. 24-01346.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump Media reports $19 million loss in third quarter on TV streaming costs
next post
UK economy risks big hit under Trump tariffs plan, think tank says

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Lowe’s tops earnings, revenue estimates
    • Citigroup promotes 344 executives to managing directors

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy