Court rules in favor of HelbizCoin investors, class lawsuit to go ahead

A United States District Court has enabled a nearly three-year-long class action lawsuit versus the developers of HelbizCoin to go ahead, as per a court ruling filed on Sept. 1. On Sept. 1, the US District Court for the Southern District of New York partially ruled in favor of investors who submitted the class action fit, with the court giving the motions to dismiss in part and rejected them in part.Screenshot from court judgment shared with CointelegraphThe court however dismissed all claims against particular defendants completely, consisting of Paysafe, Skrill, Decentral, and Alphabit, discovering an absence of personal jurisdiction over Paysafe and Alphabit. The case was restored in October 2021 when a 2nd U.S. Circuit Court of Appeals discovered the lower court judge erred in its decision, and a modified problem was filed in March 2022.