Federal Judge Jennifer L. Rochon dismissed on September 29, 2025 the class action filed at the U.S. District Court for the Southern District of New York against alleged promoters of the memecoins $LIBRA and $M3M3. All claims against Hayden Davis, his family, Kelsier Ventures, Benjamin Chow and Meteora were thrown out in an 81-page ruling. The court found that the six-to-seven-month period covering the token launches from October 2024 to March 2025 failed to meet the continuity requirements of RICO and that Meteora did not constitute an identifiable legal entity. The decision ends U.S. proceedings without ruling on the merits of the alleged market manipulation or the alleged pump-and-dump operations.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
