US Court Permanently Throws Out LIBRA And M3M3 Class Action, Rejects Attempt To Refile

• A US judge dismissed the LIBRA and M3M3 memecoin case with prejudice.
• The court ruled Meteora has no formal structure, members, or leaders to be sued.
• RICO claims against Kelsier failed to show that an ongoing criminal pattern was needed.

A federal judge in New York has shut the door entirely on a lawsuit tied to two of crypto’s most notorious memecoin blowups, dismissing the case with prejudice and refusing to let the plaintiffs even try again with a revised complaint.

The case, Hurlock v. Kelsier Ventures, revolved around two launches that became infamous:

• M3M3, launched in December 2024
• LIBRA, launched in February 2025 and linked to a post from Argentine President Javier Milei

Plaintiffs Omar Hurlock, Anuj Mehta, and others alleged that insiders tied to Kelsier Ventures, developer Benjamin Chow, and the Solana-based liquidity protocol Meteora worked t…

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