Terraform Labs Defends SEC's Absurd Objection To Retain Top Law Firm

Tensions escalate in the legal arena as Terraform Labs challenges the objections raised by the U.S. Securities and Exchange Commission (SEC) regarding the payment of legal fees to Dentons U.S. LLC, the company’s special counsel in its Chapter 11 bankruptcy case. A recent filing submitted to a Delaware court on Monday sheds light on the contentious dispute, highlighting Terraform Labs’ assertion that the objections are unfounded and motivated by ulterior motives.