LIBRA Lawsuit Dismissed as Court Rejects Claims Against Meteora and Chow
31 Articles
31 Articles
LIBRA lawsuit dismissed as court rejects claims against Meteora and Chow
Meteora and its former CEO Benjamin Chow have secured the dismissal of a U.S. class action that accused them and Kelsier Ventures of fraud and racketeering tied to the LIBRA and M3M3 memecoin launches. According to a Sept. 29 opinion…
The affected investors will assess whether they have recourse to the Court of Appeal; the judge has set up Milei's role in the crypto transaction.
It was after rejecting the arguments of the investors who were litigating in New York and closing the case.The U.S. Justice ruled out that there was an illegal association between the Davis company and the platform with which the cryptocurrency was launched.
LIBRA Lawsuit Dismissed, but the $250M Collapse Was Never Judged More Stories ETHNews
A federal judge in New York dismissed the LIBRA and M3M3 investor class action with prejudice. The ruling turned on defects in the legal theories, not on whether the alleged liquidity extraction took place. The court found that the plaintiffs had not shown Meteora to be an entity that can be sued. A separate criminal […]
On September 29, U.S. Judge Rochon dismissed the LIBRA class action case against Meteora, Benjamin Chow, and Kelsier; the Argentine investigations continue with 25 wallets frozen.
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