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US judge orders SEC to pay $1.8 million in legal fees in Debt Box case

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A U.S. federal judge ordered the SEC to pay about $1.8 million in legal fees to Debt Box and dismissed case against Debt Box without prejudice.

A U.S. federal judge has ordered the Securities and Exchange Commission to pay legal fees of about $1.8 million in its case against Digital Licensing Inc., doing business as Debt Box. The judge dismissed the SEC’s case against Debt Box without prejudice, meaning the case could potentially be reopened in the future.

In another Tuesday filing, the judge ruled that the case has been dismissed without prejudice as per SEC’s request. “The Commission argues dismissal without prejudice is appropriate because it will protect investors and the public interest, and will not cause Defendants legal prejudice,” the filing noted.

In July 2023, the SEC filed a complaint against Debt Box, accusing it of “defrauding investors of at least $49 million.”

 

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