Law360 (June 24, 2020, 3:51 PM EDT) — A New Jersey federal judge hit the brakes Wednesday on a U.S. Securities and Exchange Commission suit claiming two people with a blockchain technology company duped investors while raising $30 million in cash and cryptocurrency, saying the matter should be paused until the end of a parallel criminal case.
U.S. District Judge Stanley R. Chesler granted an unopposed motion from the U.S. attorney’s office for New Jersey to intervene in and stay the SEC action against Edith Pardo, Boaz Manor, CG Blockchain Inc. and a related entity.
The judge reasoned that halting the suit until the conclusion of the criminal action…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!