Coming to the details of the case, first by Nick Patterson individually and then on behalf of all others similarly situated to Terraform Labs, Jump Crypto, Jump Trading, Tribe Capital, Definance Capital/Definance Technologies, Three Arrows Capital, Nicholas Platias and Do Kwon. A countersuit was filed.
However, according to a notice filed with the court and all parties involved, lead plaintiff Michael Tobias and plaintiff Nick Patterson have completely voluntarily withdrawn the lawsuit against defendants Terraform Labs and Do Kwon.
The notice further clarified that neither the plaintiffs nor their attorneys have received or will receive any compensation for this retraction.
