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Nalezeno "summary judgment": 20

Ripple Wins Partial Summary Judgment in Securities Lawsuit

21.6.2024
The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and Ripple CEO Brad Garlinghouse. Court Ruling...

SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto

31.12.2023
Source: Adobe/Casimiro Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff...

Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs

29.12.2023
In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were satisfied for a range of Terra-related assets...

SEC seeks summary judgment in Do Kwon and Terraform Labs case

3.11.2023
The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities

SEC Seeks Summary Judgment in Do Kwon and Terraform Labs Case, Citing Lack of Material Dispute for Trial

3.11.2023
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge for a summary judgment in its case against Do Kwon and Terraform Labs. The SEC has argued in its filing that there is “no genuine dispute as to any material fact” in their case against Do Kwon and Terraform...

Terraform Labs and Do Kwon Challenge SEC, Seeking Dismissal of Multi-Billion Dollar Fraud Charges

31.10.2023
In the latest legal maneuver, Terraform Labs and its former CEO Do Hyeong Kwon (Do Kwon) have submitted a comprehensive Motion for Summary Judgment, seeking an immediate dismissal of the fraud charges levied against them by the U.S. Securities and Exchange Commission (SEC). Terraform Labs and...

Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC

31.10.2023
Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud. This move could prevent a lengthy trial if the judge rules in Terraform’s favor....

Do Kwon’s Defense Declares SEC’s Deposition Request ‘Impossible’ Amid Ongoing Detention Saga

28.9.2023
The legal team defending Do Kwon, the co-founder and former CEO of Terraform Labs, argues that the U.S. Securities and Exchange Commission (SEC) lacks the capacity to depose Kwon, deeming it an “impossible” feat. Kwon’s legal counsel additionally maintains that the SEC’s bid for a preclusion order...

Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham

14.7.2023
The court’s decision should moderately de-risk the regulatory pressure on the crypto exchange’s stock, which is a significant overhang on the share price, the broker’s report said

US Judge Rules XRP ‘Not Necessarily a Security on Its Face,’ Sending XRP Supporters Into Celebration

13.7.2023
According to a recent ruling handed down by U.S. judge Analisa Torres, the crypto asset XRP is not “necessarily a security on its face.” In the ruling, both parties, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs’ motions for summary judgment were granted...

SEC seeks to keep Hinman documents hidden in Ripple case

26.12.2022
SEC’s request to seal documents in the Ripple Labs case has sparked criticism from the community

Ripple, SEC case heads for conclusion after 'summary judgment' filed

19.9.2022
Ripple argued that XRP profits came from “market forces of supply and demand” rather than any contract between Ripple and XRP token holders

US Government Seizes Trezor Wallet With $6.3 Million in Bitcoin From Gift Card Fraud Case

27.9.2021
On September 22, 2021, a U.S. district judge from San Antonio, Texas, granted a summary judgment on the civil forfeiture of 147 bitcoin worth $6.3 million held on a Trezor hardware wallet. According to the court filing, the crypto assets stemmed from a Target gift card fraud incident that started...

ICO Aftermath: US Rules in Favour of SEC in $100M KIK Case – SALT to Reimburse Claimants From 2017 ICO

1.10.2020
A US court has ruled in favour of the US SEC after the regulator’s filing of a motion seeking summary judgment against Kik for violating the country securities laws. Kik, which raised $100 million from 2017 ICO, had filed its own motion of summary judgment but the court refused to grant this....

Craig Wright’s Summary Judgment Denied – Billion Dollar Bitcoin Lawsuit Heads to Trial

22.9.2020
On Monday afternoon, Judge Beth Bloom, from the District Court of Florida, denied Craig Wright’s summary judgment and the infamous billion-dollar bitcoin lawsuit will go to trial in January. The court published a 93-page decision on the matter, as Judge Bloom detailed that “a genuine...

Craig Wright Must Face Trial Over Alleged $11B Bitcoin Fortune as Request for Summary Judgment Denied

21.9.2020
In a case involving the ownership of about 1.1 million bitcoin (worth over $11 billion), the federal court denied Wright’s request for a summary judgment on Monday

Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and Poloniex File for Summary Judgment

9.8.2020
Bitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt. The Bitfinex comments follow a notice by Bittrex and Poloniex disputing claims that they knew about the alleged market manipulation by Bitfinex. In June, the plaintiffs...