Tether has just announced a key victory in its continuing legal conflict, marking a crucial legal milestone. The company reported that the court had officially dismissed a class action lawsuit involving its extensively utilized USDT stablecoin.
This development indicates a favorable turn of events for Tether and emphasizes the firm’s dedication to maintaining its leadership in the cryptocurrency sector.
According to the stablecoin issuer, US District Court for the Southern District of New York Chief Judge Laura Taylor invalidated a class action lawsuit Matthew Anderson and Shawn Dolifka brought against Tether and Bitfinex due to a lack of “plausible allegations of injury.”
Dismissal Based On Lack Of Plausible Injury Claims
A “lack of plausible allegations of injury” describes a case in which there is not enough believable testimony or evidence to support the assertion that a person has suffered harm due to a particular…
