"The court, led by U.S. District Judge Yvonne Gonzalez Rogers, agreed with the jury's determination that Altman and OpenAI were not liable, and that "claims of breach of charitable trust and unjust enrichment are dismissed as untimely.""
""There's a substantial amount of evidence to support the jury's finding, which is why I was prepared to dismiss on the spot," U.S. District Judge Yvonne Gonzalez Rogers said. The judge suggested he may have an uphill battle because the question of whether the statute of limitations ran out before Musk sued was a factual issue."
"Musk's lawsuit has asked for $150 billion in damages to be redirected to a charitable trust, and requested an unwinding OpenAI's for-profit corporate structure. Microsoft, which invested in OpenAI as early as 2019, was also named as a defendant in the suit, with Musk claiming the software giant aided and abetted the AI startup in its alleged breach of the charitable trust. The court said the claim against Microsoft was also dismissed."
"The jury's rapid, unanimous decision follows a high profile, bitter courtroom battle between two of the tech industry's most powerful players, and could clear the way for OpenAI to move forward with a highly anticipated initial public stock offering. Lawyers for OpenAI erupted in cheers and clapping after the verdict was announced, according to Wired reporter Max Zeff."
An Oakland, California jury rejected Elon Musk’s claims against OpenAI and CEO Sam Altman after two hours of deliberation following three weeks of testimony. The court agreed with the jury’s determination that Altman and OpenAI were not liable, and dismissed breach of charitable trust and unjust enrichment claims as untimely. The judge indicated the statute of limitations issue involved factual questions, suggesting an appeal could be difficult. The verdict was unanimous and rapid, and it cleared the way for OpenAI to move forward with a planned initial public offering. Musk’s lawsuit sought $150 billion in damages, a charitable trust remedy, and unwinding OpenAI’s for-profit structure. The court also dismissed claims against Microsoft.
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