US Court Rejects SEC’s Attempt to Block XRP Holders’ Motion to Intervene in R...
In the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple. Judge Dismissed SEC’s Attempt to Stop XRP Holders From Intervening in Ripple Lawsuit In the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs case, the district court of the Southern District of New York “has reviewed the parties’ and proposed intervenors’ letters dated March 19 and 26, 2021,” according to the court....
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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 XRP community’s fan-favorite lawyer Jeremy Hogan has once again commented via Twitter on the current state of the court case between Ripple Labs and the US Securities and Exchange Commission (SEC). Hogan cited attorney John E Deaton, who represents over 75,000 XRP investors in the litigation. After Judge Torres denied Deaton’s motion to intervene, […]
XRP holders claim their interests aren't being represented in an ongoing SEC lawsuit against Ripple Labs. Now they want to enter the fray as third-party defendants. XRP coin holders have attempted to insert themselves as third-party defendants in the United States Securities and Exchange Commission’s lawsuit against Ripple Labs.A motion to intervene was filed by John Deaton of Deaton Law Firm on March 14 on behalf of over 6,000 XRP holders. Deaton — himself an XRP holder — argued that the interests of coin holders were not being adequately represented in the securities lawsuit against....
A federal judge has accepted token holders' claim that their interests are not being adequately represented in the SEC's ongoing lawsuit against Ripple Labs. XRP tokenholders who have sought the right to intervene in the ongoing case against Ripple Labs by the United States Securities and Exchange Commission have been given the green light by the district judge of the court of the Southern District of New York.According to a letter filed by District Judge Anna Torres on March 29, the proposed intervenors have until April 19 to file their motion to intervene, with further deadlines up until....
The U.S. government’s battle to get Coinbase to comply with its summons to provide information about its customers continues. A federal judge has agreed to move a hearing date to March 23 to consider arguments against the summons. On Feb. 3, 2017, Jacqueline Scott Corley, a U.S. magistrate judge, granted the government’s request to continue the hearing date to March 23, 2017 for motions to intervene filed by attorney Jeffrey Berns and Coinbase in their efforts to challenge the summons served by the IRS. Coinbase Fights IRS Summons. Berns, a Coinbase customer and attorney, filed a motion on....