Plaintiffs Combine Their Market-Manipulation Lawsuits Against Bitfinex and Tether
Plaintiffs in three separate putative class motion lawsuits in opposition to Bitfinex and Tether have moved to consolidate their circumstances, in accordance with a Thursday court docket submitting.
Court docket filings by David Leibowitz et al, Eric Younger et al, and Bryan Faubus et al, accuse the sister corporations of manipulating the crypto markets. Their circumstances share frequent threads, filings present, together with allegations that Bitfinex and Tether manipulated the value of bitcoin and bitcoin futures in violation of federal regulation.
All three circumstances have been filed within the U.S. District Court docket for the Southern District of New York.
District Decide Katherine Polk Failla ordered the fits consolidated on Thursday. Defendants didn’t object, with Tether writing in a press assertion Friday it “appears ahead” to debunking the “fanciful accusations.”
“Tether will proceed to defend the digital token ecosystem and the numerous contributions of the cryptocurrency neighborhood, and won’t now or sooner or later pay any quantity to settle plaintiffs’ claims,” the assertion mentioned.
The consolidation sheds some mild on Younger’s resolution final week to withdraw and refile within the Southern District of New York. At first unexplained, it now seems that the plaintiffs deserted the unique Western District of Washington jurisdiction so they might be a part of the opposite two in New York.
Tether anticipated a fourth class motion swimsuit, filed by Joseph Ebanks on Thursday, may additionally take part.
Learn the total submitting under:
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