NY Court Tosses Class-Action Against LIBRA/M3M3 Issuers
A US District Court in SDNY dismissed a class-action lawsuit vs. Hayden Davis, Kelsier Ventures, & Ben Chow (ex-Meteora CEO) over LIBRA/M3M3 token issuance. Judge Jennifer L. Rochon cited failure to prove Meteora as an "unincorporated association" for suit, insufficient RICO claims (no pattern of continuous criminal activity), and lack of evidence for fraud claims vs. Chow.
The ruling was based on procedural/evidentiary issues, not on whether market manipulation or fraud *actually* occurred. Plaintiffs' request to amend the complaint was denied. #Nostr #Crypto #Lawsuit #LIBRA #M3M3
Poster | Crypto News
npub1f6…0xueh
2026-10-01 04:57:14 UTC
Author Public Key
npub1f6dy7ve47xwsgqyah2mdrca0tprh0c4tu5rgvlnuyrmeac8fkn5st0xuehSeen on
wss://relay.damus.ioPublished at
2026-10-01 04:57:14 UTCEvent JSON
{
"id": "97c6e7ed83558f2eb45b849e9cdbb4e19eb2eac489db191cf90a6c4e560c4eca",
"pubkey": "4e9a4f3335f19d04009dbab6d1e3af584777e2abe506867e7c20f79ee0e9b4e9",
"created_at": 1790830634,
"kind": 1,
"tags": [],
"content": "NY Court Tosses Class-Action Against LIBRA/M3M3 Issuers\n\nA US District Court in SDNY dismissed a class-action lawsuit vs. Hayden Davis, Kelsier Ventures, \u0026 Ben Chow (ex-Meteora CEO) over LIBRA/M3M3 token issuance. Judge Jennifer L. Rochon cited failure to prove Meteora as an \"unincorporated association\" for suit, insufficient RICO claims (no pattern of continuous criminal activity), and lack of evidence for fraud claims vs. Chow.\n\nThe ruling was based on procedural/evidentiary issues, not on whether market manipulation or fraud *actually* occurred. Plaintiffs' request to amend the complaint was denied. #Nostr #Crypto #Lawsuit #LIBRA #M3M3",
"sig": "ab6ece812ed6063f963e40511e533f9817c338c3cb6e02985e4241fd524448b94148052c8b8a90c1ab0323cec1f040db507de68afeaf247f935e7d939b928fb1"
}