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SECURITIES AND EXCHANGE COMM. v. TELEGRAM GROUP

19-cv-9439 (PKC).

448 F.Supp.3d 352 (2020)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. TELEGRAM GROUP INC. and TON Issuer Inc., Defendants.

United States District Court, S.D. New York.

Signed March 24, 2020.

Attorney(s) appearing for the Case

Alison Rose Levine, Jorge Gerardo Tenreiro, Kevin Patrick McGrath, Marc Peter Berger, Securities and Exchange Commission, Ladan Fazlollahi Stewart, Gibson, Dunn & Crutcher, LLP, New York, NY, for Plaintiff.

George Abraham Zimmerman, Alexander C. Drylewski, Christopher P. Malloy, Scott D. Musoff, Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY, for Defendants.

OPINION AND ORDER

The Securities and Exchange Commission ("SEC") seeks to enjoin Telegram Group Inc. and TON Issuer Inc. (collectively "Telegram") from engaging in a plan to distribute "Grams," a new cryptocurrency, in what it considers to...

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