The US court will hear remedies proposed by Terraform Labs and Do Kwon in May
2024-04-30 22:59:23
After a jury found Terraform Labs and its co-founder Do Kwon guilty of fraud in a case before the Securities Exchange Commission (SEC), a federal judge ordered the parties to discuss proposed remedies ranging in amounts from millions to billions of dollars. In an April 29 filing with the U.S. District Court for the Southern District of New York, Judge Jed Rakoff said attorneys representing the SEC, Kwon and Terraform should appear in court on May 22 to present arguments on the proposed remedies following the jury's verdict. All parties have filed papers on their respective requests for forfeiture of stolen goods and civil penalties, but Judge Rakoff's order allows for supplementation before the appearance.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美国法院将于5月听取Terraform Labs和Do Kwon提出的补救措施Next article：
金色晨讯 | 5月1日隔夜重要动态一览
