Most LIBRA Claims Dismissed in New York Over Jurisdiction

The dismissal is procedural, not exculpatory: a New York court declined jurisdiction without weighing the allegations, leaving the substantive questions untouched. That distinction matters because it signals how hard cross-border memecoin claims are to litigate where the token, promoters and investors sit in different jurisdictions. For LIBRA and M3M3 holders, the practical path now runs through appeal, refiling elsewhere, or Argentina's criminal probe. Whether the criminal track produces findings the civil suits could not is the open question.