Today,theHon.JoelM.CohenoftheNewYorkSupremeCourt(CommercialDivision)grantedourmotiontomodifytheinjunctionobtainedbytheNewYorkAttorneyGeneralagainstourbusinessbecausetheoriginalinjunctionwasvague,overbroad,andnottime-limited.Thecourt’sorderallowsBitfinexandTethertocontinuetheirnormalbusinessactivities.Italsostipulatesthattheinjunctionwillexpirein90daysandthattheburdentoseekanyrenewalfromthecourtrestssquarelyontheshouldersoftheNewYorkAttorneyGeneral’soffice,whereitbelongs.JudgeCohenheldthatNewYork’sMartinAct“doesnotprovidearovingmandatetoregulatecommercialactivity.”
Sagard NewGen收购Horizon向数字资产领域扩张:金色财经报道,Sagard NewGen收购了交易技术公司Horizon的多数股权,并收购了管理层股权,以支持向新市场和资产类别扩张。Horizon将直接受益于Sagard已在北美建立的业务,加速该地区客户的增长。此外,Horizon还将在新加坡和迪拜开设办事处,提供现场定制服务。Horizon首席执行官Sylvain Thieullent表示,来自Sagard NewGen的资金将推动交易技术行业的创新。这笔投资确保我们能够在目前跨资产和算法平台提供的基础上,继续支持数字资产类别的交易。(finextra)[2022/5/18 3:25:12]
ThisorderisavictoryintheongoingdefenceofourbusinessagainsttheNewYorkAttorneyGeneral’soffice.
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WearegratefulthatJudgeCohenrecognized,inargumentbeforehiscourt,thattheoriginalinjunctionobtainedbytheNewYorkAttorneyGeneralwas“bothamorphousandendless,”andthatItneededtobe“asnarrowaspossible.”Webelievethatthecourt’sdecisiontodayleavesnodoubtthatbothTetherandBitfinexareentitledtoruntheirbusinessesintheordinarycourse,evenduringtheshortperiodwhenthisnownarrowedpreliminaryinjunctionisinplace.
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TheNewYorkAttorneyGeneral’sofficehassoughttoproceedexparteagainstusandinbadfaith,notwithstandingourprevious,historical,andvoluntaryco-operationwiththem.WewillvigorouslydefendagainstanyactionbytheNewYorkAttorneyGeneral’soffice,andweremaincommitted,asever,toprotectingourcustomers,ourbusiness,andourcommunityagainsttheirmeritlessclaims.
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