Terraform Labs Pte. Ltd. (Terra Money) website. Credit: Timon/Adobe Stock SEC Calls Terraform's Dentons Retainer 'Opaque Slush Fund' in Bankruptcy Court
The SEC has asked Judge Brendan Linehan Shannon to deny the application unless Dentons returns to Terraform the $81 million still available from its retainer and files engagement letters and agreements about payment with the court.
February 29, 2024 at 06:27 PM
3 minute read
Securities & Federal Corporate Law
The U.S. Securities and Exchange Commission has objected to Terraform Labs hiring Dentons as special counsel in its Chapter 11 proceedings, calling the $166 million retainer with the firm an attempt to avoid paying a judgment in an enforcement action.
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