US judge kills Milei’s LIBRA memecoin lawsuit, leaving investors stranded
Summary
A US district judge dismissed with prejudice investors’ proposed class action over the LIBRA and M3M3 memecoins, closed the case and rejected an effort to add claims involving three other tokens. The court found the RICO complaint did not adequately show a sufficiently long pattern of racketeering or a continuing threat. It also dismissed claims against several defendants for lack of personal jurisdiction or pleading defects, without deciding the merits of some state-law claims. The ruling limits recovery through this lawsuit but does not determine whether all alleged conduct was lawful or foreclose other potential recovery routes.
