Judge Netburn Denies The SEC Access To Ripple’s Legal Communication
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 […]
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Ripple’s legal battle with U.S. regulators continues. Ripple has scored another win in its ongoing legal battle against the United States Securities and Exchange Commission as the court has denied the SEC access to Ripple’s legal advice.Magistrate Judge Sarah Netburn of the District Court for the Southern District of New York ruled Sunday to deny the SEC’s motion to compel Ripple to produce memos discussing XRP sales with the firm’s lawyers.According to the SEC, Ripple could have been aware that XRP could be a security from its legal advisors before moving forward with its token sale back....
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....
In the latest updates on the court case between Ripple and the United States Securities and Exchange Commission (SEC), the Magistrate Judge Sarah Netburn, has ordered strict deadlines for the regulatory agency to respond to the crypto firm’s motion. Judge Issues New Scheduling Order On Thursday, April 25, the magistrate Judge Netburn issued a new […]
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....
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....