TerraformLabs responds to SEC 'slush fund' charges: Government overreach is disturbing
Terraform Labs submitted a document to the Delaware court on Monday, questioning the SEC's opposition to the company's use of Dentons U.S. LLC as its special advisor in the bankruptcy protection case. In the document, Terraform Labs stated that the SEC is one of the parties suing the debtor in SEC enforcement actions, but strongly opposes the debtor's use of its own funds to ensure adequate defense in SEC enforcement actions. This is a disturbing example of government overreach. The company claims that the SEC's true motive is to distract attention before the trial scheduled for March 25.
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