Clark Smith Villazor LLP client Richard Heart wins motion to dismiss SEC complaint in EDNY

In a rare ruling dismissing all claims brought by the SEC, United States District Judge Carol Bagley Amon ordered the dismissal of the SEC’s complaint naming Richard Heart and several of his cryptocurrency projects, HEX, PulseChain and PulseX.  The Court found the SEC’s allegations purportedly establishing personal jurisdiction insufficient, and also determined that the allegations did not establish domestic securities conduct under Morrison v. Nat’l Australia Bank Ltd.   A copy of the Court’s decision may found here.  CSV is co-counsel to Heart with Quinn Emanuel Urquhart & Sullivan LLP, Kirk & Ingram, LLP, and Gray Reed.