United States: SEC v. Terraform Labs Pte. Ltd.: SDNY Judge Rakoff Denies Defendants' Motion To Dismiss SEC's Claims, Rejects The Ripple Court's Interpretation Of The Howey Test - Morrison & Foerster LLP
On July 31, 2023, Judge Jed S. Rakoff in the Southern District of New York ruled that the U.S. Securities and Exchange Commission (SEC) may proceed with its case against Terraform Labs ("Terraform")...
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