Choose Jed Rakoff, the U.S. District Courtroom for the Southern District of New York choose overseeing the Terra case, sided with the SEC in an end-of-year ruling. In it, he stated that the case from defendants Terraform and founder Do Kwon “asks this courtroom to forged apart a long time of settled legislation of the Supreme Courtroom,” the choose decided. “The courtroom declines the defendants’ invitation.”
