The U.S. District Judge James Donato ruled to dismiss the class action lawsuit against Dfinity, emphasizing it was filed too late. The judge noted that Dfinity initially offered ICP tokens in February 2017, rendering the August 2021 lawsuit outside the legally acceptable timeframe.

The plaintiffs did not effectively counter Dfinity’s arguments, leading to a warranted dismissal of the claims. The previous legal representation faced criticism due to accusations of misusing litigation for information extraction, further complicating the case.