The lawsuit between Ripple and the SEC continues as the blockchain giant has a new request

According to the lawyer who closely followed the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC), James K. Filan, the fintech giant filed a Motion to Seal various redacted portions of their most recent filings as well as exhibits attached to those filings.

the-lawsuit-between-ripple-and-the-sec-continues-as-the-blockchain-giant-has-a-new-request

Source: James K. Filan

The lawsuit between Ripple and the SEC continues

Accordingly, the SEC objects to the requested redactions and the sealing of the exhibits. Previously, they filed its opposition to the SEC’s Motion to Compel Ripple to search and produce recordings of the meetings where Brad Garlinghouse, Chris Larsen & other key employees spoke on topics relevant to the dispute in the lawsuit.

As AZCoin News reported, the agency insists that the SEC answer its requests for admission since they are relevant to the defendants’ fair notice defense. Access requests are a discovery tool deployed to make the opposing party admit specific facts under oath.

The defendants argue that the SEC will have to respond only to a fraction of such requests, urging the court to deny the agency’s recent motion.

“The Court should deny the SEC’s motion and direct the SEC to reply within 30 days”, they stated.

Ripple contends that the requests will significantly narrow the issues for the trial.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS