Ripple is relying on the court’s decision to determine this but what’s the SEC connection
The Securities and Exchange Commission (SEC) has been proactive in keeping discovery alive. Thereby, causing more delays and sparking some of the harshest communications witnessed to date in a lawsuit of this magnitude. The SEC filed a motion to redact some portions of selected meetings’ notes between the agency’s third parties. This incorporated a sequel to 13 January 2022, ruling on the deliberative process privilege (DPP).
Instead of Plaintiff delaying it further, the decision to grant or deny the SEC’s request for redaction was left to Judge Sarah Netburn.
Defendants, surprisingly, decided to take a different route this time as they penned down responses to the SEC. Brad Garlinghouse and Chris Larsen also responded to the SEC’s request to redact some portions of the meeting minutes between the agency and other third parties.
James Filan, a renowned attorney highlighted this development in a 4 April tweet. As per the filing, Ripple Labs relied on SEC’s representations and the Court’s review.
<p lang=«en» dir=«ltr» xml:lang=«en»>#XRPCommunity #XRP #SECGov v. #Ripple #XRP Ripple responds to the SEC motion regarding the redactions, and relies on the SEC’s representations and the Court’s review to determine whether the redacted portions “expressly reflect the authors’ own thinking or reflect pic.twitter.com/KyzORVf3FM— James K. Filan
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