Dentons’ Motion to Dismiss Terraform and Do Kwon’s Lawsuit Rejected by SEC

SEC Argues Against Motion to Dismiss Terraform and Do Kwon Lawsuit

The US Securities and Exchange Commission (SEC) has filed a response to a motion to dismiss a lawsuit against Terraform Power and Do Kwon, two former executives of the company. The SEC alleges that the two executives engaged in a scheme to manipulate the company’s stock price and misled investors.

The SEC’s response to the motion to dismiss argued that the two executives violated the federal securities laws in their actions. The SEC claims that Terraform Power and Do Kwon made false and misleading statements to investors about the company’s financial performance and prospects, and that the two executives engaged in a scheme to manipulate the company’s stock price.

The SEC also claims that the two executives failed to disclose material information about Terraform Power’s financial condition, which misled investors and caused them to purchase the company’s stock at artificially inflated prices. The SEC seeks to hold the two executives liable for their actions and is seeking civil penalties.

Allegations Against Terraform and Do Kwon

The SEC alleges that Terraform and Do Kwon engaged in a scheme to artificially inflate the company’s stock price by making false and misleading statements about the company’s financial performance.

The SEC also alleges that Do Kwon made false and misleading statements about the company’s financial condition and prospects, and that he failed to disclose his ownership of Terraform stock.

SEC’s Response to Motion to Dismiss

In its response to the motion to dismiss, the SEC argued that Terraform and Do Kwon had engaged in a scheme to manipulate the company’s stock price and mislead investors. The SEC also argued that the defendants had failed to disclose material information about the company’s financial condition and prospects, and that the defendants had made false and misleading statements about the company’s financial performance. The SEC argued that these actions constituted violations of the federal securities laws.