The suit, filed by the Banco Central de Venezuela, alleges that Dolar Today published false currency rates, which were posted with the intent of destabilizing the Venezuelan economy, and profiting upon the exchange. The case was previously dismissed in February, but the Court gave the plaintiff leave to amend, and an Amended complaint was later filed, which alleged that the injury was the manipulation of the value of Venezuelan currency. The Court found that the plaintiff had failed to allege a concrete harm, which the Court could redress.
The Court, on May 11, 2016, granted the defense motion to dismiss, with prejudice, and denied the plaintiff's request for Oral Argument, directing the Clerk of Court to close the case. The Court held that the plaintiff lacks standing, and that it has no subject matter jurisdiction.
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