New York court denies Susquehanna bid to freeze funds in insider trading case
- —Judge Arun Subramanian denied the preliminary injunction motion on September 14, 2026
- —The suit was filed on June 29, 2026 under Section 20A of the Securities Exchange Act of 1934 and for unjust enrichment
- —Defendants are 40 market makers accused of insider trading ahead of the May 22, 2026 announcement
- —Plaintiffs sought to freeze the defendants' proceeds held at third-party brokers
Why it matters: A precedent for insider trading cases in crypto-adjacent assets: courts require proof of irreparable harm before blocking funds.
Source: ChainCatcher 链捕手