A dismissal order has been filed by Bitfinex and Tether’s legal team this week, on the basis that the New York Attorney General’s Office (NYAG) has insufficient grounds to continue with its injunction.
“In light of [the] facts…[The] Respondents respectfully request that the entire proceeding be dismissed for lack of personal and subject matter jurisdiction.”
Legal representatives acting on behalf of the adjoining crypto companies told the New York Supreme Court that the NYAG was “onerous” to start proceedings against the Respondents for the purposes of protecting New York investors since both parties “have nothing to do with New York investors”.
On the basi...