SEC and Ripple to Attend a Conference Next Week to Discuss the SEC’s Attorney-Client Claim Over Hinman’s Documents.
The court wants to weigh into the SEC’s recent attorney-client privilege claim over Hinman’s documents.
Following back and forth arguments and fights over custody of William Hinman’s 2018 document, Judge Sarah Netburn has scheduled a conference with Ripple and the SEC to discuss all relevant issues related to the document.
The conference is scheduled to be held in Courtroom 23B, Daniel P. Moynihan Courthouse, 500 Pearl Street, New York City, on Tuesday, June 7, 2022 at 3 pm.
The reason for the conference is to discuss the attorney-client claim made by the SEC in its bid to keep Hinman’s documents away from Ripple.
SEC’s New Claim Over Hinman’s Documents
Recall that the Securities and Exchange Commission, despite being ordered to surrender Hinman’s 2018 documents to Ripple, made a new assertion claiming that the documents are protected by attorney-client privilege.
The SEC’s recent claim over Hinman’s document, which did not sit well with Ripple, saw the blockchain company file an objection to the attorney-client assertion.
Parties Requested to Comply With COVID-19 Measures
With the court sensing that no party is willing to let go, it has decided to organize a conference for both Ripple and the SEC to discuss the renewed attorney-client privilege claims.
Notably, the parties are advised to comply with the recent coronavirus (COVID-19) safety measures while attending the conference.
Based on this, the parties are ordered to come to the venue at least 30 minutes before the conference in order to complete the entry screening process.
Meanwhile, the development was shared by attorney Filan on Twitter.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Conference scheduled for Tuesday, June 07, 2022, at 3:00 p.m. to discuss the SEC's renewed assertion of the attorney-client privilege as to internal documents related to Hinman's June 14, 2018 speech. pic.twitter.com/F6Wn0OxZ3m
— James K. Filan ????100k+ (beware of imposters) (@FilanLaw) May 31, 2022
Ripple v. SEC Lawsuit Lingers Beyond Expectation
The ongoing lawsuit between Ripple v. the Securities and Exchange Commission (SEC) has lingered longer than expected, as many thought the case would conclude a few months after the SEC filed its charges.
However, the lawsuit has taken more than a year, with the case expected to end on or before March 31, 2022, according to legal expert attorney James K. Filan.
Argument Over Hinman’s Document
For most part of the lawsuit, the argument has been about the 2018 speech made by William Hinman, the former director of SEC’s Division of Corporation Finance, when he disclosed at the 2018 fintech week that the “sale of Ethereum (ETH) did not constitute a security.”
Ripple has consistently argued that there is more to that speech made by Hinman, as the company has consistently requested that the SEC surrender a document containing 68 draft emails, which it believes would be a major decider in the lawsuit.
The document has been widely described as Hinman documents. Meanwhile, the SEC has fought relentlessly in its bid to keep the documents away from Ripple.
The Securities and Exchange Commission has come up with different reasons why the documents cannot be surrendered to Ripple, including its recent attorney-client privilege claims. It noted that Hinman discussed with SEC’s attorneys before drafting the speech.
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