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Add as a preferred source on GoogleCourt Dismisses Most LIBRA Lawsuit Claims for Lack of Jurisdiction
The ruling did not decide the allegations against Hayden Davis and Kelsier. Plaintiffs may appeal or sue in a court with jurisdiction as an investigation in Argentina continues.
A court dismissed most claims against Hayden Davis and Kelsier in a U.S. class action involving LIBRA and M3M3 token investors, citing a lack of jurisdiction rather than deciding the allegations.
The ruling leaves plaintiffs the option to appeal or file suit in a court with jurisdiction. The case concerns investors in both tokens.
An investigation in Argentina is continuing.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.