A group of investors who bought into Caitlyn Jenner’s meme coin (JENNER) are determined to continue fighting against the former Olympian. Their class-action lawsuit, alleging securities violations and fraud, was dismissed by a California judge on May 9, 2025. Judge Stanley Blumenfeld Jr. found that the plaintiffs failed to sufficiently demonstrate how Jenner or her manager misled investors into purchasing the JENNER token. The judge also rejected claims of fraud, as the lawsuit lacked clear evidence linking Jenner’s statements, including X posts promoting the token, to misleading information. While their initial complaint was dismissed, the group now has until May 23 to refile an amended lawsuit with more specific arguments. Jack Fitzgerald, their lawyer, expressed optimism about pursuing legal action further. The judge did not rule on whether JENNER is a security, as the dismissal stemmed from other procedural shortcomings. Despite this setback, the group remains resolute in pursuing their case.