SEC Faces Several Hurdles In Telegram ICO Case

Law360 (February 11, 2020, 4:42 PM EST) -- Next week, a New York federal district judge will be hearing arguments on perhaps the first real threat to the U.S. Securities and Exchange Commission’s unblemished track record in its crackdown on initial coin offerings.

The threat comes in the form of competing summary judgment motions filed by the SEC and the defendants in SEC v. Telegram Group Inc.[1] The case was filed in October 2019, when the SEC secured a temporary restraining order putting an end to what it called an illegal sale of securities that had raised $1.7 billion and was gearing up to raise even more.

The U.S....

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!