The U.S. District Court for the Southern District of New York issued a summons to Tron founder Justin Sun in relation to the lawsuit filed by the Securities and Exchange Commission (SEC) against him.
The U.S. court ordered Justin Sun to respond within 21 days after the service of the summons which is sent to Justin Sun’s Singapore address.
“If you fail to respond, judgment by default will be entered against you for the relief demanded in the complaint. You also must file your answer or motion with the court,” the court noted.
Last month, SEC sued Justin Sun & eight celebrities including Akon for fraudulent activity. The SEC filed the lawsuit against Sun and three of his wholly-owned companies for the unregistered offer and sale of crypto asset securities Tronix and BitTorrent.
Also Read: Tron Founder Justin Sun is No Longer the WTO Ambassador for Grenada
