{"id":1073,"date":"2024-05-30T20:32:49","date_gmt":"2024-05-30T20:32:49","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/sec-sanctioned-agency-ordered-to-pay-1-2m-in-legal-fees\/"},"modified":"2024-06-02T17:24:36","modified_gmt":"2024-06-02T17:24:36","slug":"sec-sanctioned-agency-ordered-to-pay-1-2m-in-legal-fees","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/sec-sanctioned-agency-ordered-to-pay-1-2m-in-legal-fees\/","title":{"rendered":"SEC Sanctioned: Agency Ordered to Pay $1.2M in Legal Fees"},"content":{"rendered":"\n<div>\n<p>The Utah federal district court ordered the U.S. Securities and Exchange Commission to pay seven figures in attorney and receivership fees to two Am Law 100 firms and a New York law firm over the agency\u2019s litigation against a cryptocurrency startup and additional defendants.<\/p>\n<p>The defendants include Digital Licensing, also known as Debt Box, whose lead attorney is Richard Hong, a partner at<a href=\"https:\/\/www.morrisoncohen.com\/\" rel=\"nofollow noopener\" target=\"_blank\"> Morrison Cohen<\/a> in New York, and iX Global LLC, represented by three shareholders from<a href=\"https:\/\/www.polsinelli.com\/\" rel=\"nofollow noopener\" target=\"_blank\"> Polsinelli<\/a>. Opposing them was the plaintiff, the SEC, whose actions led to the appointment of a receiver from<a href=\"https:\/\/www.hklaw.com\/en\/\" rel=\"nofollow noopener\" target=\"_blank\"> Holland &amp; Knight<\/a>\u2019s Miami office.<\/p>\n<p>  Richard Hong, partner at Morrison Cohen <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Utah federal district court ordered the U.S. Securities and Exchange Commission to pay seven figures in attorney and receivership fees to two Am Law 100 firms and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1528,1526,1529,136,1527,510,1525,762],"class_list":["post-1073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-1-2m","tag-agency","tag-fees","tag-legal","tag-ordered","tag-pay","tag-sanctioned","tag-sec"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=1073"}],"version-history":[{"count":1,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1073\/revisions"}],"predecessor-version":[{"id":1128,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/1073\/revisions\/1128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/1074"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=1073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=1073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=1073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}