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The latest development in the ongoing XRP lawsuit saw the SEC file further responses to its letter motion compelling discovery of Rippleās internal meetingsā audio-visual recordings. In the response letter, SEC noted, now that the plaintiffās motion has been declared moot, the commission will not engage and thereafter shall not correct āvarious inaccuraciesā in Rippleās Opposition.
#XRPCommunity #SECGov v. #Ripple #XRP The SEC filed a one page further response regarding the now moot Motion to Compel regarding the recordings of Ripple meeting. pic.twitter.com/3HBv28Ti1z
ā James K. Filan (@FilanLaw) September 10, 2021
SEC argues against Rippleās ādocument definitionā stance
Nevertheless, the SEC has argued against one of Rippleās reasons mentioned in the opposition letter, in lieu of seeking āsound recordingsā since its January 2021 document request. The SEC asserted that āSound recordingsā are listed under the definition of ādocumentsā by the Federal Rule of Civil Procedure 34.
Ripple, in its opposition letter, had argued against SECās vague definition of ādocumentsā, with which the plaintiff accused the defendants of failing to discover data via meet and confer. Ripple had noted that the SEC definition of documents was āunreasonably broadā and result in a discovery process that is āburdensome and disproportionateā.
#XRPCommunity #SECGov v. #Ripple #XRP Ripple has filed its Response to the SEC's Motion to Compel Turnover of Video and Audio Recordings of Ripple Staff Meetings.https://t.co/H8Ys2kjArf
ā James K. Filan (@FilanLaw) September 7, 2021
The SEC has clarified that it is ready to meet and confer with the defendants about the scope and parameters of Rippleās searches for any additional relevant recordings. Furthermore, the plaintiff has also mentioned that it may seek the Courtās assistance again if they fail at reaching a solution with the defendants for ongoing issues.
One of these issues includes, āthe partiesā ongoing dispute as to whether Ripple should search the recordings for those in which the same employees whose emails Ripple agreed to search for responsive documents are the relevant speakers.ā
SEC files an objection to Rippleās Motion to Seal
The SEC has also filed an objection against Rippleās Motion to Seal documents of the defendantās internal recordings. However, this motion has already been granted by the court on āan interim basisā.
#XRPCommunity #SECGov v. #Ripple #XRP The SEC has filed an objection to Rippleās Motion to Seal documents in connection with the recording of various Ripple meetings. Rippleās Motion to Seal has already been granted on āan interim basis.ā pic.twitter.com/49zKMIVymo
ā James K. Filan (@FilanLaw) September 10, 2021
The SEC has argued that sealed documents are relevant to the judicial process and cannot be countervailed with the excuse of business or privacy interestsā disruption, upon public disclosure. Along with appealing the court to deny the seal for Rippleās internal audio-video recording, the plaintiff has also objected to the seal on redacted portions of Rippleās motion referencing deposition testimonies and corresponding exhibits.
The post XRP Lawsuit: SEC files further response to its letter motion compelling Ripple to produce internal recordings appeared first on Coingape.
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