Judge Sarah Netburn Approves SEC’s Request to File Additional Motion to Further Protect William Hinman’s Documents Despite Ripple’s Refusal

Judge Sarah Netburn Approves SEC’s Request to File Additional Motion to Further Protect William Hinman’s Documents Despite Ripple’s Refusal

Judge Sarah Netburn has granted the Securities and Exchange Commission’s request to file a brief motion supporting its attorney-client privilege claims related to William Hinman’s 2018 documents. 

With Judge Netburn approving the SEC’s request, the agency’s reply brief in support of its claims over Hinman’s documents is now due on May 18, 2022, less than a week after Ripple is expected to submit its response to the securities regulator’s attorney-client privilege claims.

“In a Text Only Order, Magistrate Judge Netburn granted the SEC’s request to file a reply brief in connection with the SEC’s attorney-client privilege claims regarding the Hinman speech documents. The SEC’s reply is due by May 18, 2022,” attorney James K. Filan.

Judge Netburn Ignores Ripple’s Plea 

The approval, which was communicated via text to the parties involved in the lawsuit, comes less than 24 hours after Ripple’s attorneys rejected the SEC’s request to file a reply brief in connection to the agency’s attorney-client claims over Hinman’s 2018 documents.

As reported by TheCryptoBasic, Ripple and Individual Defendants had rejected the SEC’s request to file a reply brief in support of the document due to the agency’s continuous bid to oppose the Defendants’ August 10, 2021 motion to compel the Plaintiff into surrendering the documents.

Ripple Laments SEC’s Incessant Delay in the Lawsuit

Defendants noted that if the Judge approves the SEC’s request, it will be the sixth time the Securities and Exchange Commission will be opposing its motion to compel the submission of the documents.

Describing the SEC’s upcoming response as a sur-reply, Ripple said the move is just part of an effort by the agency to cause further delays in the lawsuit, which is prejudicial to the company as summary judgment is just around the corner.

“At a minimum, the SEC should be required to justify its demands for further briefing after it reviews Defendants’ responsive filing. Defendants respectfully submit that the court should deny the SEC’s request,” Ripple said via its attorney.

Download our Android app, never to miss the latest news

Get it on Google Play

Original Source :thecryptobasic.com

Want to know how to start investing in Cryptocurrencies and Stocks? Click here and get more information about the top investing platform available.

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

Want to know how to start investing in Cryptocurrencies and Stocks? Click here and get more information about the top investing platform available.

If you want professional consultation regarding stock or cryptocurrency investing leave your information below and experts from our trusted partners will reach out to you

Subscribe

* indicates required
DigitalOcean Referral Badge
Previous articleJoe Rogan: US Doesn’t Want Bitcoin to Repeat Internet Success
Next articleElon Musk Got $500,000,000 from Binance in Order to Buy Twitter