Saturday, December 10

XRP Lawsuit: Parties File for Extension of Deadline on Metz Report as Ripple Presents Case on Emails

In the current lawsuit, Ripple has filed a six-page response to the SEC’s assertions that the Hinman documents were protected by the attorney-client privilege.

As initially stated, the SEC went ahead to make new privilege assertions in its unstopped efforts to eliminate the release of emails related to the 2018 Ethereum speech of William Hinman, the former director of the SEC’s Division of Corporate Finance.

Read Also: Cardano Whale Transaction Volume Spikes – ADA Price Direction Change Likely, Santiment Says

Ripple’s response states:

“The Court has ordered the SEC multiple times to produce documents related to the formulation of a speech that former Director of Corporation Finance William Hinman delivered in his capacity in June 2018. First, the SEC resisted, claiming the deliberative process privilege protected them from production. The Court rejected that argument. Now, the SEC has doubled back to a theory it has not raised in several briefing rounds: that they are all protected attorney-client communications because Hinman shared drafts of the speech with other SEC staff, including some lawyers, for the primary purpose of seeking legal advice.”

The 4 whys, ripple disagrees the emails might not be secured by attorney-client privilege, as the SEC claims. First, the record demonstrates that Hinman delivered his speech in his capacity. Second, while Hinman was entitled to receive legal advice when discharging his role at the SEC, Ripple claims that the substance of his remarks was not within the scope of any such attorney-client privilege, noting that the former SEC official did not have an attorney-client relationship with SEC lawyers in his capacity.

Ripple also argued that the conversations do not include any secret information concerning the agency that might be protected by the attorney-client privilege.

It continues to say that the SEC does not have to stand to assert attorney-client privilege on behalf of the previous SEC official.

Parties demand extra time concerning the Metz report

In fresh updates shared by James K. Filan, Ripple and the SEC have filed a joint request for an extension of time regarding the attorney’s fee connected to the Dr. Albert Metz Supplemental Report.

Read Also: OpenSea NFT Heavyweight Onboards 5,000 MetaShips Collection of MetaMetaVerse

Initial in the case, the court refused the Ripple defendants’ Brad Garlinghouse and Chris Larsen) motion to strike the Metz report while reopening discovery until May 13 to re-depose Dr. Metz. The SEC was, however, ordered to pay “reasonable expenses” regarding filing the motion and re-deposing Metz.

Share this:

Leave a Reply

Your email address will not be published. Required fields are marked *