Plaintiffs Merge Their Market place-Manipulation Lawsuits In opposition to Bitfinex and Tether

Plaintiffs in a few different putative class motion lawsuits versus Bitfinex and Tether have moved to consolidate their scenarios, according to a Thursday court docket filing.

Court filings by David Leibowitz et al, Eric Young et al, and Bryan Faubus et al, accuse the sister corporations of manipulating the crypto markets. Their scenarios share typical threads, filings display, like allegations that Bitfinex and Tether manipulated the price of bitcoin and bitcoin futures in violation of federal regulation.

All a few scenarios have been filed in the U.S. District Court for the Southern District of New York.

District Judge Katherine Polk Failla ordered the fits consolidated on Thursday. Defendants did not item, with Tether producing in a press assertion Friday that it “looks forward” to debunking the “fanciful accusations.” 

“Tether will continue on to defend the electronic token ecosystem and the a lot of contributions of the cryptocurrency group, and will not now or in the foreseeable future shell out any amount of money to settle plaintiffs’ claims,” the assertion stated.

The consolidation sheds some light-weight on Young’s choice past week to withdraw and refile in the Southern District of New York. At very first unexplained, it now appears that the plaintiffs abandoned the unique Western District of Washington jurisdiction so they could join the other two in New York.

Tether anticipated that a fourth class motion fit, filed by Joseph Ebanks on Thursday, may possibly also join in.

Study the complete filing underneath:

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