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HomeCrypto NewsMarketJudge Sarah Netburn Approves SEC’s Request to File Additional Motion to Further...

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

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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.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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