Kik Representative Will Give Deposition in SEC Case on Jan. 28
Ana Alexandre's original article for cointelegraph.com reduced by 78%
The United States Securities Exchange Commission has requested a deposition from a representative of Kik Interactive Inc. to provide detailed information about its operations since releasing native token Kin.Kik Interactive, the Canadian company behind the Kik messenger application, has been dragged into a long-standing legal battle with the U.S. regulator.
The SEC claims that the company violated securities laws when it carried out Kik's token distribution in 2017.On Jan. 23, a Manhattan federal judge ordered that Kik Interactive share with the SEC information detailing how its business has changed since 2018. The regulator called Kik's head of operations and technical adviser, Tanner Philip, to give deposition on the matter, which is scheduled on Jan.
29.Request for the trial date definitionThe move follows Kik's recent request for the formal definition of a trial date for the lawsuit.
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