Description
The SEC sues Thor and its co-founders, alleging it raised over $2M on the unregistered sales of Thor Tokens.
Legal Significance
The SEC intends to be proactive about compliance with securities laws, particularly regarding ICOs and token sales. Thor tokens are securities because they satisfy the elements of the Howey Test.
Status
Settled
Case No.
3:22-cv-09043
Date Filed
December 21, 2022
Plaintiff
SEC
Defendant
Thor Technologies Inc.David Chin
Court
USDC Northern District of California San Francisco Division
Plaintiff Counsel
Erin Eddy WilkJeremy Emerson PendreyMarc David KatzMonique C. WinklerRuth Landis Hawley
Defendant Counsel
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