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Class-Action Lawsuit Against Tether and Bitfinex Thrown Out

In a significant legal victory for Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York dismissed a class action lawsuit brought against the stablecoin issu...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Class-Action Lawsuit Against Tether and Bitfinex Thrown Out
In a significant legal victory for Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York dismissed a class action lawsuit brought against the stablecoin issuer. 
The lawsuit, filed by Matthew Anderson and Shawn Dolifka in 2021, alleged that Tether's claims of its stablecoin, USDT, being backed one-to-one by the U.S. dollar were false. ...
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