The LIBRA token's creator is requesting the dismissal of a class-action lawsuit in New York, claiming the court lacks jurisdiction since the token was offered globally. Hayden Davis, co-founder of Kelsier Ventures, filed a motion arguing that the lawsuit's claims do not stem from actions aimed at New York. He noted that he does not live or conduct business in New York and was not present there during the alleged misconduct. The lawsuit, initiated by LIBRA buyers led by Omar Hurlock, accuses Davis and his co-founders of misleading investors about the token's purpose, which was purportedly to enhance Argentina's economy. The suit also includes blockchain companies KIP Protocol and Meteora. Davis contends that the LIBRA tokens were available to global buyers and that promotional efforts were not directed at New York residents. He emphasized that the project originated in Argentina and did not target New York specifically. The class group must now establish a connection to New York for the lawsuit to proceed. Read more AI-generated news on: https://app.chaingpt.org/news