By Sarah Jarvis (February 23, 2022, 10:27 PM EST) — A decentralized-finance company and its CEO on Wednesday asked a New York federal judge to stay an order that they comply with investigative subpoenas from the U.S. Securities and Exchange Commission, arguing the order should be paused in light of a pending appeal.
Counsel for Terraform Labs Pte. Ltd. and its CEO Do Kwon said in a letter motion that the defendants have a “substantial case” for an interlocutory appeal, which they filed with the Second Circuit, regarding the SEC’s service of investigative subpoenas for documents and testimony. A notice of interlocutory appeal was filed Wednesday, per the case docket….
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