A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value.
Judge Dismisses Market Manipulation Case Against Bitfinex and Tether
A high-profile class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by chief judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York. Judge Swain ruled the complaint lacked plausible allegations of injury and failed to demonstrate damages resulting from the actions of Tether and Bitfinex.
It’s a good Friday.#Tether and @Bitfinex Win Comprehensive Legal Victory as U.S. District Court Dismisses Class Action Lawsuit
The Court correctly held that plaintiffs’ complaint lacked any “plausible allegations of injury” because it includes no facts showing that “USDT had a…
—
We współpracy z: https://news.bitcoin.com/class-action-lawsuit-against-tether-bitfinex-dismissed/
