The US Securities and Exchange Commission (SEC) will continue its investigation of the Kik startup, inviting the company’s head of operations and technical adviser, Tanner Philips, to sit for a deposition on January 29.
SEC Requires More Data on Kik Business Prior to 2018
After the initial exploratory stages of the SEC lawsuit against Kik, the US agency says that a new deposition are needed to reveal more details of the company’s business prior to 2018. The deposition was approved by Judge Alvin K. Hellerstein despite the objection of Kik for this late-stage request.
The hearings are expected this January 29, to satisfy the SEC’s demand for more fact-finding on the company’s business, intentions and achievements. The SEC also wants to shed light on a new Kik-affiliated company, Code Inc.
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