Terraform Labs: Filing for bankruptcy will enable it to appeal US SEC fraud lawsuit
Blog icon10WBTC
Terraform Labs said in a filing on Tuesday that its latest bankruptcy filing will allow it to pursue a "life-or-death" appeal of a securities fraud case brought by the U.S. Securities and Exchange Commission. The case is set for trial in March on the SEC's remaining fraud charges. Such appeals typically require the company to post a deposit of 110% of the total judgment amount before proceeding with the appeal. But Terraform Labs said it can appeal under Chapter 11 without posting a bond...

10WBTC

Written by
Subscribe