Alexander Nadmitov, Managing Partner Nadmitov, Ivanov & Partners, commented to RBC on the preliminary security measures taken by the Federal Court of the Southern District of New York yesterday at the request of the US Securities Market Commission (SEC):
So far, this is not the final decision of the court, but only a procedural decision to take preliminary measures at the request of the SEC, says Alexander Nadmitov, partner of the law firm Nadmitov, Ivanov and Partners. Although, he said, the decision may indicate the likelihood that the court will accept the SEC's position in its decision on the merits. “After the injunction, the situation can develop according to three scenarios: the court will decide in favor of the SEC, refuse to satisfy the claim, or the parties will come to an amicable agreement. If the court decides in favor of the SEC, then it will decide to return all funds to investors and, most likely, will impose a fine on Telegram and the founders, "Nadmitov says.
Complete article at the link: https://www.rbc.ru/technology_and_media/25/03/2020/5e7b3fbf9a7947ded7102ffa?from=newsfeed
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