Print
Tether and Bitfinex Win Comprehensive Legal Victory as U.S. District Court Dismisses Class Action Lawsuit

Today, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District
Of New York issued a comprehensive and incisive 6-page decision that included an order dismissing the meritless class action lawsuit filed by Matthew Anderson and Shawn Dolifka against Tether and Bitfinex companies in its entirety. The Court correctly held that plaintiffs’ complaint lacked any “plausible allegations of injury” because it includes no facts showing that “USDT had a diminished actual value at all.”

The entirety of the class action complaint being dismissed at this very early stage of the
proceedings punctuate the fact that plaintiffs’ claims were void of any legal merit.

Be assured, we at Tether and Bitfinex remain laser focused on continuing to deliver on
our promises and ensure our customers and our community are protected.

latest news

Tether Collaborates with TON Foundation and Oobit To Create Seamless Crypto-Payment Solution

16 May 2024 —Tether Operations Limited, the largest company in the digital asset industry, is joining forces with Oobit, a mobile payment app, and the TON Foundation to revolutionize the use of cryptocurrencies as a means of payment, offering users a seamless and convenient way to transact.  This collaboration reaffirms Tether’s unwavering commitment to providing a […]

Learn more
Tether Signs MOU With RAK DAO To Develop Educational Initiatives on Bitcoin and Stablecoins in the Ras Al Khaimah Region

14 May 2024 – Tether Operations Limited, the largest company in the digital asset industry, announces the signing of a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO), which is the first step towards the launch of several strategic initiatives to help foster the adoption of Bitcoin technology and stablecoins in Ras […]

Learn more
Tether and Bitnob Collaborate to Educate Ghanaian University Students on Bitcoin and Stablecoins

9 May 2024   – Tether Operations Limited, the largest company in the digital asset industry, and Bitnob, a financial technology company that enables payments into mobile money wallets and bank accounts, are announcing a strategic collaboration aimed at promoting financial education on Bitcoin and Stablecoins in Africa.   The collaboration will feature a series of […]

Learn more
Read all news