Odaily News A federal judge in California has dismissed a class-action lawsuit against the Dfinity Foundation, the company behind ICP. U.S. District Judge James Donato granted Dfinity’s motion to dismiss, ruling that the case was “time-barred” because it fell outside the three-year statute of limitations under the Securities Exchange Act. The court sided with Dfinity’s argument that it first offered ICP tokens to the public in February 2017, so the August 2021 investor lawsuit was outside the statutory time frame. The plaintiffs, who were represented at the time by Freedman Normand Friedland LLP (formerly Roche Freedman), did not respond to the defendants’ arguments. Therefore, Judge Donato wrote, it was “justifiable” to dismiss the claims because the lawsuit was time-barred. (Decrypt)