New York Court
Total 15 Posts
The United States District Court for the Southern District of New York is a federal district court whose geographic jurisdiction encompasses the counties of Manhattan, Bronx, Westchester, Putnam, Rockland, Orange, Dutchess, and Sullivan in the state of New York. The Court hears cases in Manhattan, White Plains, and Poughkeepsie, New York.
The blockchain platform of the Durov brothers should be launched in a couple of days. Otherwise, the founder of Telegram will have to return the money to investors. But investors who are not residents of the US fear that they will not be refunded.
Several Days Are Left Before the TON Launch, and Investors Do Not Know Anything About Durov’s Project
New York-licensed attorney at Buzko Legal, Evgeny Krasnov, explains that the deadline on April 30 is conditional because it has already been moved at least once. Telegram may once again try to negotiate with investors and postpone the launch to a later date.
Many TON Investors Are Ready to Get Their Money Back, Says the Head of Crypto Investment Bank HASH CIB
At least ten investors of the TON project are going to get their investments back. Telegram can still register a deal with the SEC and recognize Gram as security, but this process requires at least a year.
Telegram will most likely lose the case in court, and Durov's company will be obliged not only to return the money but also to pay a fine. The final verdict will be issued on April 30.
Investors asked the court to prevent the disclosure of the names. The court may make exceptions if this data is not important for the outcome of the case.
The Telegram Group and the SEC appealed to the United States District Court for the Southern District of New York with a request to expedite their case, while also announcing their positions.