Choose Jed Rakoff, the U.S. District Court docket 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 mentioned that the case from defendants Terraform and founder Do Kwon “asks this courtroom to forged apart many years of settled regulation of the Supreme Court docket,” the choose decided. “The courtroom declines the defendants’ invitation.”
