Terra (LUNA) founder Do Kwon and his team failed to drop the class-action lawsuit filed in TerraForms Singapore.
Do Kwon and his team, who caused serious losses to many investors with the collapse of UST and LUNA last year, faced the Singapore court. Representing the plaintiffs Drew & Napier from managers Mahesh RaiKwon and TerraForms’ UST He filed a class-action lawsuit, claiming that he caused serious losses to investors by manipulating the company.
by Business Times 30 November According to the news presented on the day, Kwon’s lawyers, who pressured the court to drop this case, did not get what they wanted.
The lawsuit claims they lost $375 million. 57 people and despite the objections of Kwon’s lawyers, the court took a firm stance against these allegations and rejected the rejection attempt.
The plaintiffs’ lawyer made the following statements regarding the issue:
“To our knowledge, this is the furthest a class action lawsuit has progressed in the world,” he said. “We are now approaching the discovery phase.
Kwon, who completed his 4-month prison period in Montenegro, from USA as well as his hometown South from korea refund is requested.