Judge orders the U.S. SEC to pay $1.8M in Debt Box case dismissal
Judge dismisses U.S. SEC’s case against Debt Box, orders SEC to pay $1.8 million in fees. The Ruling cites SEC’s bad faith conduct in obtaining asset freeze order. Debt Box calls the court’s decision a significant victory against regulatory overreach. In a significant legal victory for Digital Licensing, the firm known as Debt Box, a federal judge has dismissed the U.S. Securities and Exchange Commission’s (SEC) civil lawsuit and order ed the regulatory body to pay approximately $1.8 million in fees. The ruling, handed down on May 28 by Judge Robert Shelby in the U.S. District Court for the District of Utah, marks a notable rebuke of the SEC’s actions in this case. The U.S. SEC on the receiving end The fees include roughly $1 million for attorney fees and costs, and an additional $750,000 for receiver fees and costs. This order followed a March court decision that found the SEC had engaged in “bad faith conduct” b...