Caitlyn Jenner Dislodges Investor Suit Alleging Memecoin Losses

Investors who allegedly lost money on Caitlyn Jenner’s $JENNER cryptocurrency tokens failed to adequately support securities and fraud claims against the celebrity former athlete and her assistant, a federal court ruled.

The proposed class action can’t proceed because of a potential issue with the investor leading the suit, deficiencies in federal and state securities claims, and other flaws in the complaint, Judge Stanley Blumenfeld Jr. said in an order docketed Friday in the US District Court for the Central District of California. The investors will have a chance to re-plead most of their claims and request a different lead plaintiff, ...