Svmuu News: A U.S. federal judge has ruled to dismiss the remaining state law claims against Uniswap Labs and its founder, Hayden Adams, bringing an end to this years-long class-action lawsuit. The plaintiffs had sought to hold the platform liable for losses incurred from trading “fraudulent tokens” on the Uniswap protocol. Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York issued the ruling on Monday, dismissing the plaintiffs’ second amended complaint “with prejudice” and finding that the plaintiffs had failed to present a viable legal claim. The court noted that the plaintiffs had been given multiple opportunities to amend their complaint but were still unable to demonstrate that Uniswap should be held liable for the misconduct of unnamed third-party token issuers. The plaintiffs claimed losses resulting from “rug pulls” and “pump-and-dump” schemes, arguing that Uniswap “aided and abetted the fraud” by providing a trading platform that matched buyers and sellers. However, the court made it clear that merely providing a decentralized trading platform does not constitute “substantial assistance” to fraudulent conduct. Judge Failla reiterated his previous position, stating that holding the developers of smart contract code liable for third-party abuses on a decentralized platform is “logically untenable.” The case was first filed in 2022 and initially included federal securities law claims. The related securities charges were dismissed in 2023, and the Second Circuit Court of Appeals subsequently upheld that ruling, remanding the remaining state law claims to the district court for adjudication. This ruling marks the official conclusion of the case and further narrows the scope of liability for DeFi platform developers under state law.