‘Hypocrisy’: Judge denies SEC motion to keep Hinman docs secret in Ripple case
The SEC has argued that the documents should be protected because Hinman wrote the speech as a “personal errand,” but the judge didn’t buy it. The Securities and Exchange Commission (SEC) has suffered a blow in its case against Ripple, after a U.S. judge has denied its claims for attorney-client privilege regarding internal documents related to the “Hinman speech”.In denying the motion on July 12, U.S. Magistrate Judge Sarah Netburn called out the SEC’s hypocrisy in arguing that the speech — in which a former official Bill Hinman suggested ETH was not a security — was a personal matter for....
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Ripple Labs was able to gain a victory against the SEC in its ongoing securities fraud case. The judge on the case denied the SEC’s motion to review certain documents that may not be material to the prosecution. Ripple Labs has struck a blow against the Securities and Exchange Commission's (SEC) case after the presiding judge made a ruling that one Ripple community lawyer calls “a very big win for Ripple.”The SEC filed suit in 2020 against Ripple and executives Brad Garlinghouse and Christian Larsen for selling unregistered securities.Presiding Judge Sarah Netburn denied the SEC’s request....
Lawyers representing XRP investors may still have an opportunity to refile in the future, however. XRP tokenholders' attempt to insert themselves as third-party defendants in the U.S. Securities and Exchange Commission case against Ripple may have come to an end.According to court filings, federal judge Analisa Torres has denied a motion filed over the weekend on behalf of more than 6,000 XRP holders. The motion to intervene argues the interests of token holders — in this case, the XRP Army — were not being adequately represented in the lawsuit against Ripple and its executives. Torres....
The truth will be shameful and shocking for the SEC according to Ripple boss Brad Garlinghouse. San Francisco-based fintech firm Ripple has inched closer to victory in its ongoing battle with the U.S. Securities and Exchange Commission (SEC).On Oct. 21, Ripple General Counsel Stuart Alderoty confirmed on Twitter that they finally have the elusive documents after "18 months and 6 court orders," though noted they remain confidential at the SEC’s insistence. “It was well worth the fight to get them,” he exclaimed, adding: “I’ve always felt good about our legal arguments, and I feel even....
The Securities and Exchange Commission (SEC) was dealt a huge blow following Judge Netburn’s denial of its motion to access Ripple’s legal communications. Ripple On A Roll Earlier this month, the U.S securities regulator filed a motion seeking access to “all communications constituting, transmitting, or discussing any legal advice Ripple sought or received as to […]
The commission argued that Ripple’s motion, if granted, would open the floodgates for the company to request testimony from high-ranking government officials. The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders are targeting its members on social media platforms with allegedly false statements.In a Thursday motion addressed to Judge Sarah Netburn in the Southern District of New York, the SEC has requested a conference to discuss quashing the motion from Ripple to subpoena the....