Plaintiffs Combine Their Market-Manipulation Lawsuits Against Bitfinex And Tether

Plaintiffs in three separate putative class motion lawsuits towards Bitfinex and Tether have affected to consolidate their instances, in line with a Thursday court docket submitting.

Court filings by David Leibowitz et al, Eric Young et al, and Bryan Faubus et al, accuse the sister firms of manipulating the crypto markets. Their instances share widespread threads,

filings present, together with allegations that Bitfinex and Tether manipulated the worth of bitcoin and bitcoin futures in violation of federal regulation.

All three instances have been filed inside the U.S. District Court for the Southern District of New York.


Judge Katherine Polk Failla ordered the fits consolidated on Thursday. Defendants didn’t object, with Tether writing in a press assertion Friday it “looks forward” to repudiation the “fanciful accusations.”

“Tether will continue to defend the digital token ecosystem and the many contributions of the cryptocurrency community, and will not now or in the future pay any amount to settle plaintiffs’ claims,” the assertion stated.

The consolidation sheds some mild on Young’s determination final week to withdraw and refile inside the Southern District of New York. At first unexplained, it now seems that the plaintiffs outback the unique Western District of Washington jurisdiction so they may be a part of the opposite two in New York.

Tether expected a fourth class motion go well with, filed by Joseph Ebanks on Thursday, can also take part.

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Plaintiffs Combine Their Market-Manipulation Lawsuits Against Bitfinex And Tether

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