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California Court Dismisses Class-Action Lawsuit Against Dfinity: A Legal Victory with Open Questions

  • A California judge has dismissed a class-action lawsuit against Dfinity, claiming the case was filed outside the statute of limitations.
  • The lawsuit accused Dfinity of market manipulation and the sale of unregistered securities.
  • Dfinity argued that the public offering of ICP tokens began in February 2017, making the lawsuit filed in August 2021 too late under the statute of repose.
  • While the case was dismissed, investors have the opportunity to amend their complaint by April 8.

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