Clifford et al v. Tron Foundation et al
Case Number: 1:2020cv02804
Filed: June 30, 2020
Court: US District Court for the Southern District of New York
Office: Foley Square Office
Nature of Suit: Securities/Commodities
Cause of Action: 15 U.S.C. ยง 77 Securities Fraud

Available Case Documents

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Date Filed Document Text
October 23, 2024 Opinion or Order Filing 114 OPINION & ORDER re: 54 MOTION to Dismiss Defendants TRON Foundation's and Justin Sun's Notice of Motion and Motion to Dismiss the Amended Class Action Complaint. filed by Justin Sun, Tron Foundation. For the foregoing re asons, I find that Defendants' motion to dismiss is GRANTED in part and DENIED in part. Defendants' motion is DENIED as to the Section 12(a)(1) claims against Defendants TRON and Sun and the remaining one hundred Blue Sky state law claims. Defendants' motion to dismiss is GRANTED as to the Section 12(a)(2) claims against Defendants TRON and Sun. Defendants are directed to submit an answer to Plaintiffs' Amended Complaint within twenty-one (21) days of the date that this Opinion & Order is filed. The Clerk's office is directed to terminate the open motion at Document 54. SO ORDERED. (Signed by Judge Vernon S. Broderick on 10/23/2024) (sgz)
October 24, 2022 Opinion or Order Filing 99 MEMO ENDORSEMENT granting 98 Motion re: 98 MOTION FOR LEAVE TO WITHDRAW ROCHE FREEDMAN LLP . ENDORSEMENT: APPLICATION GRANTED. SO ORDERED. (Signed by Judge Vernon S. Broderick on 10/24/2022) (tg)
October 20, 2022 Opinion or Order Filing 97 ORDER Accordingly, it is hereby: ORDERED that, in accordance with their remarks made during the status conference, counsel for Roche Freedman LLP move to withdraw from this case on or before October 24, 2022. SO ORDERED. (Motions due by 10/24/2022.) (Signed by Judge Vernon S. Broderick on 10/20/2022) (jca)
October 30, 2020 Opinion or Order Filing 49 ORDER: Accordingly, it is hereby: ORDERED that Defendants are directed to answer or otherwise respond to the amended complaint by no later than December 15, 2020. IT IS FURTHER ORDERED that if Defendants move to dismiss the amended complaint, Plaint iffs shall file any opposition to the motion(s) to dismiss within sixty (60) days after the filing of the motion(s), and Defendants shall file any reply within forty-five (45) days after the filing of the opposition(s) to the motion(s) to dismiss. (Zhiqiang Chen answer due 12/15/2020; Justin Sun answer due 12/15/2020; Tron Foundation answer due 12/15/2020.) (Signed by Judge Vernon S. Broderick on 10/30/2020) (rro)
September 1, 2020 Opinion or Order Filing 33 ORDER granting 30 Motion for for Alternative Service. Plaintiffs' motion is GRANTED. It is hereby: ORDERED that Plaintiffs are authorized to serve Defendant Chen through (i) Chen's known LinkedIn profile; (ii) the potential email add ress associated with Chen, zhiqiang_chen1@126.com; and (iii) the following email address associated with the company Chen recently founded, Volume Network Foundation: feedback@volumenetwork.io.The Clerk of Court is directed to terminate the open motion at Document 30. SO ORDERED. (Signed by Judge Vernon S. Broderick on 9/1/20) (yv)
June 30, 2020 Opinion or Order Filing 25 ORDER APPOINTING LEAD PLAINTIFF AND LEAD COUNSEL granting 18 Motion for Appointment as Lead Plaintiff and Approval of Selection of Co-Lead Counsel. For the foregoing reasons, Movants' motion for appointment as lead plaintiffs and for approval of selection of co-lead counsel is GRANTED. Accordingly, it is hereby: ORDERED that Corey Hardin, David Muhammad, and Chase Williams are appointed Lead Plaintiffs in the above-captioned action, and the Court designates the law firms Roche Cyrulnik Freedman LLP and Selendy & Gay PLLC as Co-Lead Counsel in this action. IT IS FURTHER ORDERED that Lead Plaintiffs are directed to file an amended complaint no later than sixty (60) days after the date of issuance of this Opinion & Order. Defendants are directed to answer or otherwise respond to the second amended complaint no later than thirty (30) days after Lead Plaintiffs serve the amended complaint. IT IS FURTHER ORDERED that Co-Lead Counsel shall be genera lly responsible for coordinating activities during pretrial proceedings and shall: a. Determine and present (in briefs, oral argument, or other fashion as may be appropriate, personally or by a designee) to the Court and opposing parties the position of Lead Plaintiffs and the proposed class on all matters arising during pretrial proceedings; b. Coordinate the conduct of discovery on behalf of Lead Plaintiffs and the proposed class consistent with the requirements of Rule 26 o f the Federal Rule of Civil Procedure, including preparation of interrogatories and requests for production of documents and the examination of witnesses in depositions; c. Conduct settlement negotiations on behalf of Lead Plaintiffs and the proposed class; d. Enter into stipulations with opposing counsel as necessary for the conduct of the litigation; e. Prepare the case for and conduct trial; and f. Perform such other duties as may be incidental to the proper coordination of pretrial and trial activities or authorized by future order of the Court. The Clerk of Court is respectfully directed to terminate the pending motion at Document 18. (Signed by Judge Vernon S. Broderick on 6/30/2020) (mro)
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