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Bloomberg Law

Philly DA Sues Musk & Appeal by Tapestry and Capri

Oct 29, 2024
Douglas Spencer, a University of Colorado law professor and election law expert, discusses the Philadelphia DA's lawsuit against Elon Musk's controversial $1 million voter sweepstakes, highlighting potential legal violations. Meanwhile, Harry First, an NYU law professor specializing in antitrust issues, analyzes the complexities surrounding Tapestry's halted $8.5 billion acquisition of Capri Holdings, and the broader implications for the fashion industry amidst regulatory scrutiny and competitive pricing challenges.
31:06

Podcast summary created with Snipd AI

Quick takeaways

  • The Philadelphia DA's lawsuit against Elon Musk highlights potential violations of federal laws regarding voter bribery and illegal lotteries.
  • Legal experts express skepticism over Musk's claims of a fair lottery process, raising concerns about misleading advertising and political intentions.

Deep dives

Concerns Over Musk's Lottery Initiative

Elon Musk's initiative to give away a million dollars to individuals who sign a petition supporting the Constitution raises significant legal concerns. The scheme is viewed as a potential violation of federal laws designed to prevent vote buying and political bribery, as it seems to incentivize voter registration and turnout through financial rewards. Legal experts point out that such practices could blur the lines of legality, as federal regulations explicitly prohibit financial incentives linked to voting actions. The Department of Justice has initiated an investigation into these practices, indicating the seriousness of the allegations against Musk and his political action committee.

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