Description
The SEC sues Tron, alleging the fraudulent and unregistered sale of two crypto tokens, while simultaneously reaching settlements with several celebrity endorsers of the coin.
Legal Significance
Sun and related Defendants move to dismiss SEC’s fraud and Section 5 allegation on extraterratorial grounds and arguments that assets were not distributed as investment contracts.
Status
Motion to Dismiss
Case No.
1:23-cv-02433
Date Filed
March 22, 2023
Plaintiff
SEC
Defendant
Justin SunTron Foundation LimitedBitTorrent Foundation Ltd.Rainberry Inc.Austin MahoneDeandre Cortez Way
Court
USDC Southern District of New York
Plaintiff Counsel
Adam Brett GottliebTimothy K. Halloran
Defendant Counsel
Fenwick & West LLPLankler Siffert & Wohl LLP
Major Filings
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