[U.S. Judge Dismisses LIBRA Meme Coin Class Action Lawsuit with Prejudice] According to a report by Jinse Finance on October 3, citing Solana Compass and other sources, U.S. Federal Judge Jennifer L. Rochon of the Southern District of New York dismissed a class action lawsuit on September 29 brought by investors against LIBRA and M3M3 meme coins. Defendants included Hayden Davis, Kelsier Labs, Meteora, and former Meteora CEO Benjamin Chow. The judge also denied the plaintiffs' request to amend the complaint a second time, closing the case "with prejudice." The court's reasoning was based on insufficient legal grounds rather than factual determinations: - Civil RICO requires a "continuity period," and the plaintiffs' claim of approximately six months did not meet the standard. - Meteora, as an "unincorporated association," was not adequately alleged, and the 4-of-7 multisig control was insufficient to establish joint operation. - Fraud allegations against Chow failed to meet the intent standard under Rule 9(b). The ruling did not determine whether insider "rug-pulling" occurred, and a criminal investigation in Argentina is still ongoing.