A federal judge in the Southern District of New York has dismissed a class action lawsuit against Hayden Davis, Kelsier Ventures, and former Meteora CEO Ben Chow regarding the issuance of LIBRA and M3M3 tokens. Judge Jennifer L. Rochon denied the plaintiffs' request to amend their complaint, ruling that they failed to sufficiently establish Meteora as a suable unincorporated association. The court also found that RICO allegations against the defendants did not meet legal requirements for continuous criminal activity, while fraud claims against Ben Chow fell short of necessary pleading standards. The dismissal was based solely on procedural and legal sufficiency grounds; the ruling made no factual determination regarding whether market manipulation or fraud actually occurred during the token issuances.