Terra Classic

<ul><li>The court overseeing the U.S. SEC and Terraform Labs&#39; legal battle has set dates for significant summary judgment-related proceedings.</li><li>There&#39;s a potential extension of the summary judgment reply deadline to November 20, subject to rulings during the upcoming Daubert hearing.</li><li>The SEC has sought a summary judgment from a federal judge, aiming to avoid a full trial by asserting no genuine dispute as to any material fact .</li></ul>In a significant update on the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs, the court has <a href="https://www.courtlistener.com/docket/66820843/securities-and-exchange-commission-v-terraform-labs-pte-ltd/#minute-entry-370615752" rel="noopener noreferrer nofollow">recently</a> set dates for crucial summary judgment-related proceedings. The court proceedings, as of November 14, 2023, include a telephone conference where all relevant counsels were present. The possibility of an extended deadline for summary judgment replies to November 20 looms pending any rulings made during the Daubert hearing.The Securities and Exchange Commission (SEC) <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.594150/gov.uscourts.nysd.594150.105.0.pdf" rel="noopener noreferrer nofollow">sought</a> a summary judgment from a federal judge, opting to bypass a full trial to avoid a spectacle, as it asserted there was &#34;no genuine dispute as to any material fact&#34; in its case against Do Kwon and Terraform Labs.The filing reiterated the regulator&#39;s argument that Kwon and Terraform had sold securities. The SEC, in its filing, stated, &#34;There was no dispute that purchasers had made an investment of money, either through fiat currency or crypto assets.&#34; Read full article a<a href="https://cryptotale.org/sec-vs-terraform-labs-lawsuit-faces-crucial-summary-judgment-proceedings/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

SEC Vs. Terraform Labs Lawsuit Faces Crucial Summary Judgment Proceedings

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