Judge orders Ripple to hand over 1 million Slack messages to the SEC
Ripple is now required to produce terabytes of Slack messages to the SEC which were previously withheld due to an apparent data error. U.S. Magistrate Judge Sarah Netburn has ordered Ripple to produce one million missing Slack messages between employees which the Securities and Exchange Commission (SEC) has sought to access. Despite Ripple’s protestations that complying would cost up to $1 million, the judge deemed the messages critical and unique evidence for the SEC’s ongoing case against the multi-billion dollar company for selling unregistered securities.The SEC filed suit against....
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In the ongoing SEC vs. Ripple court case, the defense team has written to Judge Sarah Netburn opposing the SEC’s motion to compel the firm to produce Slack communications. They demand the production of over 1 million pages of discovery. Slack is a proprietary message platform featuring chat rooms, private messages, and direct messaging. It […]
The SEC said that the previous production of Slack messages from Ripple was incomplete, and a massive quantity of data has not been collected. The legal battle between the United States Securities Exchange Commission (SEC and blockchain-based payments firm Ripple continues, with the regulator wanting further access to Ripple’s internal communications.The SEC filed a motion with the Southern District of New York on Monday, requesting Judge Sarah Netbrun to order Ripple to produce and submit its employee messaging on business communication platform Slack, Ripple executives’ attorney James....
In a fresh twist to the Securities and Exchange Commission (SEC)’s fight against Ripple Labs, US judge Sarah Netburn has directed both parties to hold “a telephonic discovery conference on Tuesday, April 6, 2021.” The judge’s order directs the parties to discuss a motion to compel filed by Ripple’s lawyers. Motion to Compel On March 15, lawyers representing current Ripple Labs CEO Brad Garlinghouse and Christian Larsen had asked Judge Netburn to compel the SEC to produce documents relating to the regulator’s lawsuit against the fintech firm. In their....
In a significant development in the legal battle between Ripple and the Securities and Exchange Commission (SEC), Judge Analisa Torres has rejected the SEC’s motion to appeal the Ripple ruling. This decision comes as another win for Ripple, the blockchain payment company, as it fights allegations of conducting an unregistered securities offering. Judge Rejects SEC’s […]
A district judge has ordered a bitcoin Ponzi operator to be arrested and imprisoned after he ignored multiple court orders and failed to pay the U.S. Securities and Exchange Commission (SEC) $40 million. He pleaded guilty to securities fraud in 2015.
Bitcoin Ponzi Operator Faces Imprisonment After Failing to Pay SEC
Judge Amos L. Mazzant of the U.S. District Court for the Eastern District of Texas said earlier this week that a bitcoin Ponzi operator will be arrested and imprisoned for civil contempt unless he immediately provides overdue documents and payments, Bloomberg....