Ripple Condemns SEC’s Demand For Employee Slack Messages In On-Going Court Case
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 […]
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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....
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....
Lawyer James “MetaLawMan” Murphy of Ludlow Street Advisors, LLC has provided a detailed theory on why the SEC’s dismissal of the Ripple case has been inexplicably delayed. According to Murphy, rather than the delay being solely due to the SEC’s internal processes, it could be that Ripple is engaged in strenuous negotiations aimed at revising […]
In the SEC v. Ripple case, the court has denied the request by the U.S. Securities and Exchange Commission (SEC) for personal financial records of Ripple’s executives that are not connected to XRP. The court says that it “is not convinced” that personal banking records would show the violations as claimed by the SEC. Another Win for XRP in SEC v Ripple Case In the lawsuit brought by the U.S. SEC against Ripple Labs, CEO Brad Garlinghouse, and co-founder Christian Larsen over the sale of XRP tokens, the court has denied the SEC’s request to obtain personal financial....
The crypto advocacy group is granted the status of "the friend of the court." A United States crypto advocacy group, the Chamber of Digital Commerce (CDC), has been granted approval from the Court of Southern District of New York to participate as an amicus curiae in the U.S. Securities and Exchange Commission (SEC) case against Ripple Labs. The status of “friend of the court” permits them to assist a court by providing information, expertise or insight. An order was signed by Judge Analisa Torres on Sept. 21. The CDC shall file its brief by Sept. 26. While explaining its interest in the....