Ripple responded to the SEC’s motion regarding redactions of portions of handwritten notes
According to defense lawyer James K. Filan, a new letter filed by lawyers representing Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen with Magistrate Judge Sarah Netburn states that the defendants do not presently challenge any of the redactions recently requested by the U.S. Securities and Exchange Commission (SEC).
deliberations or communications among SEC staff during the meeting.” Essentially, because only the Court and the SEC have seen the unredacted documents, Ripple must defer to the Court to decide whether the redacted portions are in fact protected by the DPP.
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) April 4, 2022
Ripple responds to the SEC motion regarding the redactions
Ripple has responded to the SEC’s motion regarding redactions of portions of handwritten notes taken by its staff.
”We’re waiting for decisions on the motion for reconsideration, the motion to strike the supplemental expert report, the motion to compel turn over the Estabrook notes, and now the redactions”, James stated.
The SEC asked the court to redact portions of handwritten notes taken by its employees. The agency argues that the notes are protected by deliberative process privilege (DPP) because they “clearly reflect” the author’s thoughts.
The notes mentioned were related to the meetings that focused on the legal status of Bitcoin and ICOs. The defendants argued that they did not have access to the unprocessed documents. As a result, the defendants had to postpone going to court to determine if the redacted portions of the material were protected by DPP.
In another development, iRemit, a non-bank remittance service provider that leverages Ripple’s ODL to process Australia-to-Philippines remittances, has announced a partnership with Velo labs to unlock the $34 billion cross-border payment market in the Philippines. Ripple and Novatti’s efforts targetted first the Australia-Philippines corridor through a partnership with iRemit, the largest Filipino-owned non-bank remittance service provider.
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