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Securities and Exchange Commission v. Telegram Group Inc. et al

  1. February 14, 2020

    Telegram Allies Rip SEC Expert's Opinion In $1.7B Case

    A foundation made up of participants in the Telegram Open Network told a New York federal judge Friday that the company's network is ready for deployment and could be up and running in five seconds, a key argument in the messaging service's battle with the SEC over its $1.7 billion digital token offering.

  2. February 07, 2020

    CFTC Asked To Weigh In On SEC's Telegram Securities Suit

    A New York federal judge on Thursday asked the U.S. Commodity Futures Trading Commission to weigh in on the $1.7 billion case the U.S. Securities and Exchange Commission has brought against Telegram Group as a hearing on motions for summary judgment and a preliminary injunction nears.

  3. January 22, 2020

    Telegram Calls SEC's $1.7B Suit 'Fundamentally Flawed'

    The U.S. Securities and Exchange Commission and Telegram took aim at each other's arguments in their blockbuster $1.7 billion face-off, with the messaging company saying there are "glaring" flaws in the agency's argument that the company engaged in an unregistered securities offering of its Gram tokens.

  4. January 21, 2020

    Blockchain Groups Ask To Weigh In On $1.7B Telegram Case

    Two amicus briefs were filed Tuesday in the U.S. Securities and Exchange Commission's case against messaging app Telegram by industry groups focused on blockchain and digital assets, urging a New York federal judge not to rule with too broad a brush on the question of whether the company's digital tokens are securities.

  5. January 16, 2020

    Telegram, SEC Seek Quick Result In $1.7B Crypto Case

    Telegram and the U.S. Securities and Exchange Commission have filed dueling motions for summary judgment in a case where the agency alleges that the messaging company's $1.7 billion offering of digital tokens constituted the sale of unregistered securities.

  6. January 13, 2020

    Judge Orders Telegram To Produce Redacted Bank Docs

    On Monday, a New York federal judge ordered Telegram Group Inc. to produce a trove of bank records by Feb. 26 despite foreign data privacy concerns and questions over the relevance of the documents sought, while allowing for appropriate redactions to comply with foreign privacy laws.

  7. January 06, 2020

    SEC Denied Immediate Access To Telegram's Bank Records

    The U.S. Securities and Exchange Commission cannot gain immediate access to Telegram's bank records after a New York federal judge on Monday denied the agency's emergency motion to obtain the documents in a case alleging the company engaged in an unregistered securities offering.

  8. January 03, 2020

    Telegram Calls SEC's Bank Requests A 'Fishing Expedition'

    Telegram Group Inc. hit back Friday at the U.S. Securities and Exchange Commission's request that a New York district court judge compel the messaging platform to hand over a full gamut of bank documents, saying they are not relevant to the allegations that its $1.7 billion digital token sale was an unregistered securities offering.

  9. January 02, 2020

    SEC Seeks Full Telegram Bank Records By Next Week

    The U.S. Securities and Exchange Commission on Thursday asked a New York federal judge to compel Telegram Group Inc. to quickly hand over bank records in a case alleging the company's $1.7 billion digital token sale was an unregistered securities offering.

  10. January 01, 2020

    Fintech Litigation To Watch In 2020

    In 2019, the U.S. Securities and Exchange commission brought a pair of closely watched actions against Kik Interactive Inc. and Telegram Group Inc. for unregistered offerings of digital tokens, setting the stage for an intriguing 2020. Two other big names in fintech, Bitfinex and Tether, faced questions about potential market manipulation.

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