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October 31, 2023

Terraform files motion for summary judgment in response to SEC investigation

Emily Tremblay
Written byEmily TremblayWriter
Researched byNikos PapadopoulosResearcher

Terraform has filed a motion for summary judgment in response to the Securities and Exchange Commission's (SEC) investigation. The motion argues that after two years of investigation, the SEC has failed to provide sufficient evidence to prove that the defendants did anything wrong. Terraform highlights that during the discovery period, more than 20 depositions were taken and over two million pages of documents and data were exchanged. Despite this extensive process, the SEC has not made any progress in demonstrating its case. Terraform has requested Judge Jed Rakoff of the U.S. District Court for the Southern District of New York to dismiss the SEC's case and avoid proceeding to trial.

Terraform files motion for summary judgment in response to SEC investigation
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Emily Tremblay
Emily Tremblay
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Emily, a dynamic blend of tech-savvy and casino enthusiast, hails from the snowy landscapes of Canada. With her innate grasp of cultural nuances, she ensures online casino guides resonate deeply with Canadians. Emily's spirited and engaging nature makes her a favourite among peers.

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