Telegram Notes Calif. Order As It Awaits Decision On Grams

By Philip Rosenstein (March 9, 2020, 6:03 PM EDT) -- Telegram Group Inc. has told a New York federal judge that a recent California state court order mirrors its position that its Gram tokens are not securities, as a decision in the SEC's case against the messaging platform is eagerly awaited.

In a Friday letter to Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York, Telegram highlighted a March 3 decision in Siry Investment v. Farkhondehpour, which Telegram described as supporting its stance that the economic reality of the sale of the Gram digital tokens "undermines the SEC's theory" that Telegram violated securities laws...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!