SEC Obtains Final Judgment Against Wireless Network Creator for Misrepresentations Concerning Network Users
April 25, 2025
April 25, 2025
WASHINGTON, April 25 -- The Securities and Exchange Commission issued the following litigation release (No. 1:25-cv-00539; S.D.N.Y. filed Jan. 17, 2025) involving Nova Labs Inc.:
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On April 23, 2025, the Securities and Exchange Commission obtained a final judgment by consent against Nova Labs, Inc., the creator of a purportedly decentralized wireless network known as the Helium Network. The Commission had charged Nova Labs with making misrepresentations in connectio . . .
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On April 23, 2025, the Securities and Exchange Commission obtained a final judgment by consent against Nova Labs, Inc., the creator of a purportedly decentralized wireless network known as the Helium Network. The Commission had charged Nova Labs with making misrepresentations in connectio . . .