Investing Pioneers
SUBSCRIBE NOW
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy
No Result
View All Result
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy
No Result
View All Result
Investing Pioneers
No Result
View All Result

Elon Musk’s PAC Faces Legal Challenges Over Payments

in Wall Street Word
0
0
SHARES
46
VIEWS
Share on FacebookShare on Twitter

A new federal lawsuit alleged that Tesla Inc.CEO Elon Musk’s America PAC failed to compensate voters in swing states who were promised $100 for signing and referring others to sign a political petition.

What Happened: Last week, three voters from key swing states filed a proposed national class action lawsuit against Musk and his America PAC, accusing them of breaching a promise to pay petition signers in the run-up to the 2024 presidential election, reported Fortune.

In October 2024, the PAC offered $47—and later $100—to registered voters in seven states who signed a petition supporting the First and Second Amendments. Participants were also offered additional compensation for referring others.

See Also: Elon Musk Takes A Swipe At Minnesota Governor Tim Walz As TSLA Stock Surges 45% In One Month: ‘How’s Your Day, Bro?’

“This case is about a broken promise,” said attorney Shannon Liss-Riordan of Lichten & Liss-Riordan, the firm representing the plaintiffs. “Our clients relied on that promise because they believed in Elon, but unfortunately, that promise was not kept.”

The lawsuit, filed in the Eastern District of Pennsylvania, claims that over 100 people may be owed a collective $5 million or more. One prior lawsuit by a Pennsylvania man alleged America PAC failed to pay him $20,000 in referral bonuses.

Why It’s Important: America PAC, which reportedly raised over $200 million for Donald Trump’s campaign, has previously denied wrongdoing, the report added.

Spokesperson Andrew Romeo in April told CNN, “America PAC is committed to paying for every legitimate petition signature… evidenced by the fact that we have paid tens of millions of dollars to canvassers for their hard work in support of our mission.”

Tesla did not immediately respond to Benzinga’s request for comments.

Read Next:

  • Tesla Futurist Brian Wang Doubles Down On $1,000 Price Target, Bets Big On AI And Robotaxis: ‘Few Technical Resistance Levels…Then It’s All-Time Highs’

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Courtesy: Shutterstock

Previous Post

Bitcoin’s Market Dominance Offers New Investor Insights

Next Post

Donald Trump-Backed GOP Bill Seeks To Ban States From Regulating AI For 10 Years — Critics Calls It ‘Federal Overreach’ That Could Backfire

Next Post

Donald Trump-Backed GOP Bill Seeks To Ban States From Regulating AI For 10 Years — Critics Calls It 'Federal Overreach' That Could Backfire

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Nvidia Dominates MSCI ACWI with Unprecedented Influence

July 17, 2025

China’s New Moves Against EV Price War

July 17, 2025

AI’s Impact: New Challenges for College Grad Investors

July 17, 2025

Elon Musk’s xAI Faces Industry Backlash Over ‘Reckless’ AI Safety Practices As Regulatory Scrutiny Intensifies

July 17, 2025

Browse by Category

  • Artificial Intelligence
  • Business
  • Crypto
  • Economy
  • Gold
  • In Partnership with Preserve Gold
  • Partnership with InvestorPlace
  • Partnership with The Oxford Club
  • Personal Finance
  • Real Estate
  • Sponsored
  • Stocks
  • Tech
  • Wall Street Word
  • Whale Tracker

Recent News

Nvidia Dominates MSCI ACWI with Unprecedented Influence

July 17, 2025

China’s New Moves Against EV Price War

July 17, 2025
  • Privacy Policy
  • Terms of Use
  • CCPA Privacy Notice
  • SMS Terms

© 2025 - InvestingPioneers.com.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Wall Street Word
  • Whale Tracker
  • Stocks
  • Gold
  • Crypto
  • Economy

© 2025 - InvestingPioneers.com.