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New York district court dismisses LIBRA, M3M3 investors’ case with prejudice

  • LIBRA and M3M3 investors lost their New York district-court case after dismissal.
  • Sept. 29 ruling dismissed the case with prejudice and denied another amendment.
  • The ruling addressed pleading and jurisdiction, not whether every alleged act was lawful.

LIBRA and M3M3 investors lost their case in a New York district court after the court dismissed it with prejudice on Sept. 29 and denied another amendment. A dismissal with prejudice generally prevents the same claims from being refiled, but the ruling addressed pleading and jurisdiction rather than establishing that every alleged act was lawful.

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