A United States Judge has approved an order requiring Genesis Global companies to hand over certain documents as requested by Terraform Labs in a filing on October 13 in the U.S. District Court of the Southern District of New York.
The judge, Jed Rakoff, has given Genesis a deadline of five days, which is likely until October 18, to provide the requested documents to produce documents following a subpoena from Terraform Labs.
According to the filing, Genesis failed to provide the requested records by the deadline of October 9, as required by a legal request issued on September 12 subpoena, though the request was somewhat unclear about the specific documents it was seeking.
The order was part of a legal case initiated by the U.S. Securities and Exchange Commission against Terraform Labs, as well as its co-founder and CEO, Do Kwon and was originally filed in February.
Do Kwon is currently serving a four-month prison sentence in Montenegro for using fraudulent travel documents, while the lawsuit against Terraform Labs is still ongoing in the United States.
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