Bubblemaps reported that a New York court dismissed most claims against Hayden Davis and Kelsier in the LIBRA U.S. class action lawsuit due to lack of jurisdiction, rather than a rejection of the allegations on their merits. The case involves investors in LIBRA and M3M3 tokens who may still appeal the decision or refile in a court with proper jurisdiction.
The dismissal does not resolve the underlying allegations, and legal exposure remains for the defendants. A related criminal investigation into the matter is currently ongoing in Argentina, indicating continued regulatory scrutiny outside the United States.
Most LIBRA Class Action Claims Dismissed Over New York Jurisdiction Issues
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