A U.S. federal court closed the investor lawsuit concerning LIBRA and M3M3 following a September 29 dismissal ruling and a September 30 judgment. The outcome, reported on October 1, concerns Kelsier Labs, operating as Kelsier Ventures, Hayden Davis and related defendants, as well as Benjamin Chow and Meteora. It ends this version of the civil case after the court rejected the plaintiffs’ effort to file a second amended complaint.

The judgment separates the reasons for dismissal. Two counts against the Kelsier defendants failed to state a claim, while the remaining counts against them were dismissed for lack of personal jurisdiction. Claims against Chow also failed to state a claim. The court additionally granted a motion addressing the insufficiency of the claims against Meteora. These distinctions matter because jurisdictional and pleading decisions answer different legal questions from a trial examining contested conduct and financial evidence.

The action sought to connect losses in the memecoin launches with alleged misconduct by the named participants. The dismissal did not establish that every underlying transaction was legitimate or resolve the economic merits of the launches. Instead, the court found that the amended complaint could not proceed under the legal theories and jurisdictional basis presented. It denied permission for another amendment and ordered the case closed, giving the defendants a concrete procedural outcome.

For investors following LIBRA, the decision narrows the available route through this particular U.S. proceeding. For Kelsier and the other defendants, it removes the active amended complaint in the case. The distinction between a dismissed complaint and findings after a trial is central to describing the outcome accurately. The September judgment resolves the case before this court on the stated grounds, rather than supplying a general verdict on all allegations surrounding the tokens.