<\/p>\n
Former Terraform Labs CEO Do Kwon\u2019s legal team pushed back against a deposition request from the SEC ahead of the discovery cut-off date.<\/p>\n
\u201cThe Court should deny the SEC\u2019s motion for the simple reason that it is currently impossible for Mr. Kwon to appear for a deposition in the United States,\u201d Kwon\u2019s team said in a Wednesday filing.<\/p>\n
According to Kwon\u2019s attorneys, the SEC waited until Sept. 14 to get the Letter of Request to the proper authorities in Montenegro, where Kwon is currently serving time for forging documents. Kwon was arrested in March<\/a>.<\/p>\n Read more: <\/strong>SEC charges Do Kwon, Terraform Labs with fraud<\/a><\/p>\n The discovery cut-off date for the SEC\u2019s case against Terraform Labs<\/a> is Oct. 13, according to the documents.<\/p>\n \u201c\u200b\u200bMr. Kwon\u2019s detention in Montenegro in March 2023 was widely reported. The SEC [\u2026] first indicated to defense counsel that it wanted to take Mr. Kwon\u2019s deposition in June 2023, and waited over five months after Mr. Kwon\u2019s detention to submit a proposed Letter of Request under the Hague Evidence Convention to this Court, on August 30, 2023,\u201d they continued.<\/p>\n The defense argued that Kwon<\/a> and his team did not oppose a deposition, but made it clear to the SEC that it would need to take place in Montenegro, which led the SEC to declare \u201cwe do intend to notice the deposition for a date certain in the United States.\u201d<\/p>\n