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October 31, 2023

Terraform files motion for summary judgment in response to SEC investigation

Priya Sharma
Written byPriya SharmaWriter
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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Priya Sharma
Priya Sharma
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Mumbai-born Priya is India's rising star in the realm of online casino guides. With a knack for fusing traditional Indian gaming narratives with cutting-edge digital dynamics, she's an essential bridge between classic and contemporary gaming for a vast Indian audience.

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