Odaily Planet Daily News: A federal judge in California dismissed a class action lawsuit against the Dfinity Foundation, the developer of ICP. U.S. District Court Judge James Donato granted Dfinity's motion to dismiss, ruling that the case was "time-barred" because it exceeded the three-year statute of limitations under the Securities Exchange Act. The court supported Dfinity's argument that it first offered ICP tokens to the public in February 2017, so the investor lawsuit in August 2021 had exceeded the statutory time frame. The plaintiff, who was represented by Freedman Normand Friedland LLP (formerly Roche Freedman) at the time, did not respond to the defendant's arguments. Therefore, Judge Donato wrote that it was "justifiable" to dismiss these claims because the lawsuit was timed out. (Decrypt)