Terraform Labs Allowed to Hire Law Firm Dentons in Bankruptcy Case by U.S. Court: Reuters

2024-3-14 13:31

A U.S. court has allowed Terraform Labs to hire law firm Dentons to defend the company in a lawsuit brought against it by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024.

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Court approves Terraforms Labs’ request to hire Dentons despite regulatory concerns

A US bankruptcy court has approved Terraform Labs’ request to retain law firm Dentons despite concerns raised by the company’s creditors and the SEC. This approval comes on the heels of Dentons’ commitment to return $48 million to Terraform, a substantial part of the retainer fee initially paid to the firm for legal services, marking […] The post Court approves Terraforms Labs’ request to hire Dentons despite regulatory concerns appeared first on CryptoSlate.

2024-3-14 01:18


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Montenegro decides to extradite Do Kwon to South Korea in retrial

The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over the past year as both […] The post Montenegro decides to extradite Do Kwon to South Korea in retrial appeared first on CryptoSlate.

2024-3-8 20:13


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Terraform Labs, Do Kwon file motion to dismiss SEC lawsuit

Terraform Labs and its co-founder Do Kwon filed a motion for summary judgment with a federal court, asking the judge to dismiss the SEC’s securities fraud lawsuit against it. Terraform Labs collapsed in May 2022 after its native token LUNA lost 99% of its value when the linked algorithmic stablecoin UST lost its peg to […] The post Terraform Labs, Do Kwon file motion to dismiss SEC lawsuit appeared first on CryptoSlate.

2023-10-31 23:40