On March 27, a federal judge in California dismissed a class action lawsuit against the Dfinity Foundation, an ICP development company. U.S. District Judge James Donato approved Dfinity's motion to dismiss, ruling that the case was "excluded" for exceeding the three-year statute of limitations for the Securities Exchange Act. The court supported Dfinity’s argument that it first offered ICP tokens to the public in February 2017, so investor lawsuits in August 2021 have exceeded the statutory time frame. The plaintiff, who was represented by Freedman Normand Friedland LLP (formerly Roche Freedman), at the time, did not respond to the defendant's argument. Therefore, Judge Donato wrote that it was "taken for granted" to dismiss these claims because the lawsuit was timed out.