Published Oct 02, 2023 05:25PM ET Updated Oct 02, 2023 07:00PM ET
A group of investors behind a class-action lawsuit against Terraform Labs and its co-founder Do Kwon over fraud allegations have dropped the case.
In a Sept. 28 filing in United States District Court for the Northern District of California, lawyers representing plaintiff Nick Patterson, who filed the lawsuit on behalf of investors, filed a notice of voluntary dismissal only against Terraform and Kwon. The notice did not explicitly state the reasons for dropping the case without prejudice.
Investors drop class-action lawsuit against Terraform Labs and Do Kwon