Bubblemaps said most claims in the U.S. class-action case tied to LIBRA were dismissed because a New York court lacked jurisdiction over the matter, a ruling that addressed venue rather than the substance of the allegations. The claims were brought against Hayden Davis and Kelsier, and the case involves investors in the LIBRA and M3M3 tokens. According to the post, the dismissal does not amount to a rejection of the accusations themselves. Plaintiffs still have procedural options, including an appeal or refiling in a court that does have jurisdiction. Bubblemaps also said a related criminal investigation in Argentina is still ongoing, leaving another track of legal scrutiny in place even as the New York court removed most of the claims from its docket on jurisdictional grounds.
Bubblemaps said most claims in the U.S. class-action lawsuit involving LIBRA were dismissed because a New York court lacked jurisdiction over the case.
The post said the ruling was not a rejection of the underlying allegations. Plaintiffs can still appeal or file suit in a court that has proper jurisdiction.
The lawsuit involves investors in the LIBRA and M3M3 tokens. A related criminal investigation in Argentina is still ongoing.
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