Tether USDt

Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District Of New York has dismissed a class action lawsuit against Tether and Bitfinex.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/acb007d633004dfeab26811fcb094269.gif" />The lawsuit was filed by Matthew Anderson and Shawn Dolifka and alleged wrongdoing by the companies related to the stablecoin USDT.According to a blog post on Tether’s official website, the <a href="https://cryptosheadlines.com/us-federal-judge-dismisses-secs-plea-to-freeze-binance-us-funds/" rel="noopener noreferrer nofollow">judge issued a 6-page decision that comprehensively and decisively dismissed</a> the lawsuit. The judge stated that the lawsuit lacked merit, leading to its dismissal in its entirety.As per the report, the <a href="https://cryptosheadlines.com/singapore-court-rules-usdt-as-property/" rel="noopener noreferrer nofollow">court ruled</a> that the plaintiffs’ complaint lacked plausible evidence of any injury, as it didn’t show any diminished actual value of USDT.Tether expressed that the dismissal of the entire class <a href="https://cryptosheadlines.com/coinbase-faces-simultaneous-state-security-regulator-action-amid-sec-lawsuit/" rel="noopener noreferrer nofollow">action lawsuit</a> at this early stage indicates that the plaintiffs’ allegations were legally unfounded.Following the favorable ruling, Tether spokesperson and CTO Paolo Ardoino tweeted about the comprehensive legal victory, emphasizing the court’s decision that the plaintiffs’ complaint lacked plausible evidence of any injury, indicating no diminished value of USDT.<h2 id="header-0">A Look Back at the 2021 Filed Complaint</h2>The current <a href="https://cryptosheadlines.com/eu-consumer-group-files-complaint-against-social-media-platforms-over-crypto-advertising/" rel="noopener noreferrer nofollow">complaint is based on a previous one filed</a> in 2021. At that time, Shawn Dolifka and Matthew Anderson <a href="https://cryptosheadlines.com/core-scientific-rejects-4-7-million-claim-from-celsius-alleging-unjust-enrichment/" rel="noopener noreferrer nofollow">alleged that Tether’s claim</a> of being backed by the US Dollar was false. The <a href="https://cryptosheadlines.com/cardano-surpasses-ethereum-in-recent-crypto-development-activity/" rel="noopener noreferrer nofollow">recent developments</a> in the case are related to this initial complaint from 2021. <a href="https://cryptosheadlines.com/judge-dismisses-class-action-lawsuit-against-tether-and-bitfinex/" rel="noopener noreferrer nofollow"> Read More...</a>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>

Judge Dismisses Class Action Lawsuit Against Tether and Bitfinex

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