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Court 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.