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Home Regulation

Ripple and sec request a narrow edition of documents relating to the Amici movement

Admin by Admin
16.07.2022
in Regulation
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Ripple and the Securities and Exchange Commission (SEC) have requested a narrow version of the documents filed regarding amici’s offer to participate in Dobert’s upcoming trials.

The development of events occurred after the decision of Judge Analisa Torres to partially satisfy and partially reject request of the parties to seal the documents in connection with the petition filed by Amici to participate in the recusal of one of the SEC experts.

#XRPCommunity #SECGov v. #Ripple #XRP The parties have filed letters outlining various requests and justifications for narrowly tailored redactions to the documents filed in connection with the motion by amici to participate in the challenge to one of the SEC’s experts. pic.twitter.com/9YED69BPxo

— James K. Filan 🇺🇸🇮🇪 105k (beware of imposters) (@FilanLaw) July 15, 2022

Earlier, the court rejected Ripple’s request to be completely sealed one of the documents to the SEC letter, referred to as Proof O.

Judge Torres said Evidence O is a court document and should be made available to the public to build confidence in the U.S. judicial system.

Ripple’s request to exclude emails from two of its employees

Following the ruling, the blockchain company requested a narrow edition of the email addresses of two of its employees specified in the document.

Ripple noted that it decided to exclude the email addresses of employees because they are not parties to the lawsuit.

According to Ripple, one of the employees whose email address is listed in Appendix O left the company before the SEC filed a lawsuit in December 2020.

Notably, the parties have important interests regarding confidentiality that need to be protected to prevent unnecessary disclosure of their identity.

“The final findings of the court as to whether there is a common interest between the defendants and Movants will not depend at all on the identity of those employees, or the SEC argues otherwise in its filings with the court,” he said. — says an excerpt from the letter to Ripple.

The blockchain company added that it submitted the proposed edition behind the seal for consideration by the court.

SEC Request for Editing

Similarly, the Securities and Exchange Commission has also proposed highly specialized versions of individual documents relating to Amici’s requests for participation in the call of one of the SEC experts.

Although Judge Torres previously granted the SEC permission to edit the name of the expert from Evidence B in a previous ruling, the agency is now trying to conduct similar actions with respect to Evidence H and L.

“These amendments are narrowly adapted to ensure the safety of witnesses, and therefore the SEC’s application should be granted,” the Securities and Exchange Commission noted in its letter.


#Ripple #sec #request #narrow #edition #documents #relating #Amici #movement

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