Most LIBRA class-action claims dismissed in New York on jurisdiction grounds, while Argentina probe continues

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.