Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District Of New York dismissed a class action lawsuit against Tether and Bitfinex, brought on by plaintiffs alleging false advertising of Tether's USDT stablecoin. In a significant win for both Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District Of New York has put an end to the longstanding class action lawsuit against the two entities.