Cress

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 JOHN CRESS, Case No. 23-cv-00882-TSH

Plaintiff,

DISCOVERY ORDER

v. Re: Dkt. Nos. 53, 56 NEXO CAPITAL INC., Defendant.

12 The parties have a dispute concerning Plaintiff’s interrogatory (“rog”) 3, which seeks information concerning “each sale of NEXO.” The principal dispute is whether Plaintiff may obtain the requested information concerning all sales of the NEXO Token everywhere in the world, or whether only sales in the United States are discoverable. Plaintiff offers two primary theories of relevance for global sales. The first is Nexo’s affirmative defense of federal preemption. So, let’s turn to federal law. “In general, Sections 5(a) and (c) of the Securities Act [of 1933] prohibit the sale of unregistered securities. However, there are certain exemptions from the registration requirement. 15 U.S.C. §§ 77e(a) & 77e(c).” Esebag v. Whaley, 2020 WL 7414734, *10 (C.D. Cal. Sept. 8, 2020). For example, Section 4(a)(2) …