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Breaking: Class Action Lawsuit Against Terra And Do Kwon Voluntarily Dismissed

Class action lawsuit Albright v. Terraform Labs, Pte. Ltd. et al. filed in the Southern District of New York Court has been voluntarily dismissed on Monday. The class action filed in August against Terraform Labs, Do Kwon, and affiliates accused the defendants of falsely promoting, manipulating, and offering TerraUSD (UST) stablecoin and Terra (LUNA).

Three Arrows Capital (3AC) co-founder Zhu Su in a tweet on January 10 revealed the voluntary dismissal of a class action lawsuit against Terraform Labs, Luna Foundation Guard, and its executives.

Lead plaintiff Matthew Albright has filed a notice with the U.S. District Court Southern District Court for the Southern District of New York. According to the notice, the case is voluntarily dismissed, without prejudice against the defendants.

(By Varinder Singh)

Related News:

Terraform Labs CEO Do Kwon Cashed In Bitcoin Worth 240 Million Won

LUNC News: Controversial Proposal Separating Terra Classic From TFL, Do Kwon Passes

Terra Classic (LUNC) Crashes After News Emerges Do Kwon Is Hiding in Serbia

Alameda, Do Kwon-Backed Hedge Fund Breaks Silence To Announce Rebranding

Do Kwon Accuses FTX Founder of Manipulating Terra (LUNA) and UST Prices

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