US Judge Dismisses Burwick Lawsuit Against Hayden Davis Over LIBRA Token

A US judge has dismissed with prejudice a lawsuit filed by Burwick Law against Hayden Davis and others regarding the launch of the LIBRA and M3M3 tokens. Judge Jennifer Rochon denied the plaintiffs' request to file a second amended complaint, citing a failure to meet legal requirements, including proof of a suable entity and jurisdiction. The LIBRA token, launched in February 2025, was associated with over $250 million in investor losses, though the ruling emphasizes that the dismissal was based on procedural and legal deficiencies rather than the legality of meme coins.