The Tron Foundation has petitioned a New York federal court to dismiss a class action lawsuit against it, after calling the claims on which it is based \u201cfatally flawed.\u201d The lawsuit against Tron was brought following allegations of securities law violations, following the foundation\u2019s $70 million initial coin offering (ICO) in 2017. Alleging the case has \u201cno connection\u201d to New York and that the plaintiffs did not take part in the original token sale, Tron recently filed a motion to dismiss the case. The motion also accuses the lead plaintiffs of filing the lawsuit some two years after completion of the ICO: \u201cDespite having not purchased during the initial offering or from Tron, plaintiffs attempt to form a nexus between their purchases and alleged marketing activities by Tron.\u201d According to the motion, the lead plaintiffs allegedly purchased tokens through a secondary exchange, namely Binance, which Tron believes would invalidate claims under securities laws\u2014laws which do not cover secondary market transactions. As a result, the Tron Foundation has said the decision to purchase the TRX tokens several years after the ICO has no connection to their alleged actions. The motion also rejects allegations that the 2017 Tron whitepaper was misleading because it says the tokens are not a security, described in the motion as an \u201cafterthought.\u201d \u201cThis claim was not even pleaded in the original complaint, and it is nothing but a litigation afterthought.\u201d The lawsuit was filed with the court back in April this year, alongside 10 other similar lawsuits filed in the Southern District of New York that day. All of the claims alleged the distribution of unregistered securities. The Tron ICO ran from August to September 2017, raising $70 million from the sale of TRX tokens for the Foundation. Follow\u00a0CoinGeek\u2019s Crypto Crime Cartel\u00a0series, which delves into the stream of groups\u2014from\u00a0BitMEX\u00a0to\u00a0Binance,\u00a0Bitcoin.com,\u00a0Blockstream,\u00a0ShapeShift\u00a0and Ethereum\u2014who have co-opted the digital asset revolution and turned the industry into a minefield for na\u00efve (and even experienced) players in the market.