Kik Continues Legal Battle With SEC, Requests Trial Date Definition

Kik Interactive Inc. requested the formal definition of a trial date for its lawsuit with the United States Securities and Exchange Commission, as revealed by a Jan. 9 court document.

Kik Interactive is the Canadian developer of the Kik messenger app.

Though it was presented as a utility token for accessing some features of the Kik messenger, the SEC placed the company under scrutiny since early 2019.

The regulatory pressure caused Kik to significantly downsize its operations in September 2019 to focus on the legal battle.

Kik remains defiant in the face of overwhelming odds, arguing that the commission does not have strong evidence to support their claims.

Livingstone had expressed his desire to go to trial as soon as possible, setting May 2020 as a possible target.

In response to a Nov. 26 court order, the two parties agreed on a roadmap in preparation for the trial which is set to be completed in June 2020.

Despite this, Kik requested the court to set a specific trial date.

The SEC holds a neutral position on the matter, meaning that the decision is entirely up to the court itself.

This may occur at the status conference scheduled for Jan. 14, a pre-trial hearing where judges revise the preparatory activities and can set up a tentative trial date.