Friday, January 12, 2024

Do Kwon Wants to Attend SEC Terraform Trial So He Asks Delay to Mid March for Extradition

 


Do Kwon Wants to Attend SEC Terraform Trial  So He Asks Delay to Mid March for Extradition

by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, Jan 11 – The SEC's case against  Terraform Labs is moving toward a January 2024 trial. That is, unless summary judgment is granted - arguments were held on November 30.

 On November 30 US District Court for the Southern District of New York Judge Jed S. Rakoff held summary judgment motion arguments. Inner City Press was there and live tweeted, thread

More (Nov 30) on Substack here

On December 28 Judge Rakoff issued a 71 page order including that

The Montenegrin authorities did not so oblige, and Kwon thus did not submit a declaration. Kwon now argues that granting summary judgment for the SEC in the absence of such a declaration violates his Fifth Amendment right to procedural due process. That argument wins credit for color, but that is all." Full order on Patreon here

On January 11, Do Kwon's counsel wrote in to say he wants to attend but "is not likely to be extradited until February or March at earliest." He asks for a delay to mid-March or an instruction to the jury why he is not present - full letter on Patreon here

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