Ripple vs. SEC: Unidentified Third Party Seeks Limited Redaction to Attachment Filed By SEC In its Summary Judgment Motion.
Another third-party request for limited redactions.
An unidentified company dubbed Third Party B has requested limited redaction to one of the attachments filed by the Securities and Exchange Commission in its motion for summary judgment. The document that the party requests limited redaction for is a declaration of Third Party B that the SEC included in its summary judgment motion.
According to the letter addressed to Judge Analisa Torres, the proposed redactions are narrowly tailored to protect the identity and privacy interests of Third Party B as well as its employees.
#XRPCommunity #SECGov v. #Ripple #XRP Third Party B files a Motion to Seal requesting redactions to the declaration of Third Party B filed by the SEC as an attachment to the SEC’s motion for summary judgment. pic.twitter.com/w9eqkjrlrO
— James K. Filan ???? 112k (beware of imposters) (@FilanLaw) September 16, 2022
Reason for the Proposed Redactions
The unidentified party noted that the proposed redactions do not constitute a judicial document and have no bearing on the outcome of the lawsuit between the SEC and Ripple.
Notably, while Third Party B’s declaration does not include the name of the company and its employees, the party stated that information contained in paragraph 3 of the document could give away the identity of its business.
“The proposed redactions do not cover any substantive information conveyed in the declaration relating to the trading in XRP, and the information contained in the proposed redaction is not material to the analysis of the motion,” the party said.
Meanwhile, the parties have already filed their motions for summary judgment. They also met two days ago to discuss possible redactions based on each side’s request.
Twitter user @SeanAmstutz questioned, “how do these 3rd parties know what’s in these sealed documents already? How do they even know what they are requesting to redact? Did one of the sides leak it out or advise them to redact their identities?”
To which James replied: “Check out footnote 2 in the letter below. The third parties are given access to the information as long as they sign a protective order agreeing not to disclose it.”
Check out footnote 2 in the letter below. The third parties are given access to the information as long as they sign a protective order agreeing not to disclose it. pic.twitter.com/2fLccjI2Kj
— James K. Filan ???? 112k (beware of imposters) (@FilanLaw) September 17, 2022
As reported by TheCryptoBasic, the parties will publicly file the redacted versions for summary judgment on September 19, 2022.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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