In the latest development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Terraform Labs (Terra) and co-founder Do Kwon, the court has agreed to submissions of discovery documents as sealed from Jump Crypto. However, the court made it clear to the defendants and its parties including Jump Crypto that it can make public any confidential materials.
Court Accepts Confidential Documents From Jump Crypto
According to a court filing late November 28, Judge Jed Rakoff agreed to confidential treatment of certain materials as outlined in a letter by Jump Crypto’s attorney. The court seeks documents from Jump Crypto as part of the discovery of whether it was involved in the 2022 Terra-LUNA crisis.
However, the court has reminded Terra, Do Kwon, and related parties about the discretion to make public any confidential information submitted later in the motion practice or trial. The court will provide prior notice to the defendants’ counsel when the disclosure of confidenti
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