Golden Finance reported that the U.S. Court of Appeals for the Second Circuit ruled on Wednesday, basically supporting the lower court's decision to reject the decentralized exchange Uniswap class action lawsuit in 2023. In 2022, a group of investors sued Uniswap Labs and some of its venture capital investors, accusing the company of harming investors for allowing fraudulent tokens to be issued on its agreement. In 2023, New York Southern District Court judge Katherine Polk Failla supported Uniswap and rejected the case. The plaintiff appealed Failla's ruling in September 2023, but the Second Circuit ruling Wednesday basically dismissed the appeal request. The court supported Failla to dismiss the plaintiff’s claim under the Securities Act and the Exchange Act, believing that “the drafter of the smart contract was held accountable for a third party’s abuse of the platform ‘breach of logic’”. The only part sent back to retrial is a state legal claim, with plaintiffs going to file similar charges under state law in New York, North Carolina and Idaho.