OpenAI can’t dodge Musk’s fraud claims in restructuring suit

May 2, 2025

, By The Economic Times

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A judge narrowed claims in data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/elon-musk/profileshow/79257472.cms”>Elon Musk’s lawsuit alleging that ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/openai” target=”_blank”>OpenAI broke its promise to function as a public charity by making plans to transform itself into a for-profit business. US District Judge Yvonne Gonzalez Rogers in Oakland, California, on Thursday ruled that the world’s richest person can pursue fraud claims in the complaint he filed against OpenAI last year. She also declined to dismiss an unjust enrichment claim against OpenAI and Microsoft Corp., a major investor in the startup.

But she threw out claims of false advertising and…

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OpenAI can’t dodge Musk’s fraud claims in restructuring suit

May 2, 2025

, Published By The Economic Times

A judge narrowed claims in data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/elon-musk/profileshow/79257472.cms”>Elon Musk’s lawsuit alleging that ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/openai” target=”_blank”>OpenAI broke its promise to function as a public charity by making plans to transform itself into a for-profit business. US District Judge Yvonne Gonzalez Rogers in Oakland, California, on Thursday ruled that the world’s richest person can pursue fraud claims in the complaint he filed against OpenAI last year. She also declined to dismiss an unjust enrichment claim against OpenAI and Microsoft Corp., a major investor in the startup.

But she threw out claims of false advertising and…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Microsoft raises Xbox prices globally, following Sony

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Kaleidofin Bags $5.3 Mn To Boost Its Lending Portfolio

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