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>>Tesla is confronting a new lawsuit over its electric‑vehicle door design after a fatal crash in Washington state.

Tesla is confronting a new lawsuit over its electric‑vehicle door design after a fatal crash in Washington state.

crypthub

about 4 hours ago

Regulatory Filing Discrepancy

Alt5 Sigma told the SEC it suspended CEO Peter Tassiopoulos on October 16, but an internal email shows the board placed him on leave on September 4. The same memo noted chief revenue officer Vay Tham was also put on leave and that a special board committee was investigating “certain matters.” The company has not explained why the SEC filing date differs from the internal notice.

Potential Legal Consequences

SEC rules require a Form 8‑K within four business days of an executive’s departure, and false or misleading filings can breach anti‑fraud provisions. Law professors warn that knowingly filing false material information risks severe penalties, though proving intent and investor harm is challenging. Private securities‑fraud class actions may still be filed despite political considerations.

Trump‑Linked Crypto Venture

Alt5 Sigma is a major participant in World Liberty Financial, a crypto project co‑founded by Donald Trump and his sons. The firm acquired 7.28 billion WLFI tokens, valued at about $894 million, far exceeding its $205 million market cap, while the stock fell roughly 80% since the deal announcement. A Trump‑affiliated LLC holds about 38% of World Liberty and claims roughly 75% of token‑sale proceeds.

Future Outlook

The SEC, led by a Trump appointee, declined comment on a possible investigation of the filing gap. No evidence has emerged of insider trading between the September notice and the October filing. Tassiopoulos remains an employee and board member, and the company continues to appeal a Rwandan subsidiary verdict while denying the filing discrepancy’s cause.