Description
Class action suit against Terraform and their CEO, alleging that they racketeered, sold unregistered securities, and mislead investors in the run-up to the multibillion-dollar crash of TerraUSD and Luna.
Legal Significance
This case further illustrates potential liability for manipulating markets.
Issues
Status
Motion to Dismiss
Case No.
3:22-cv-03600
Date Filed
June 17, 2022
Plaintiff
Nick Patterson
Defendant
Terraform Labs PTE LTDJump CryptoJump Trading LLCRepublic CapitalRepublic Maximal LLCTribe CapitalDefinance Capital/Definance Technologies OYGSR/GSR Markets LimitedThree Arrows Capital PTE. Ltd.Nicholas PlatiasDo Hyeong Kwon
Court
USDC Northern District of California
Plaintiff Counsel
The Rosen Law FirmScott+Scott Attorneys at Law LLP
Defendant Counsel
Dentons US LLPKobre & Kim LLPPolsinelli LLP
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