The Magistrate Judge Netburn Denied SEC’s Objection To Unveiling The 2018 Hinman Speech Documents
In a tweet by the attorney James F. Kilan, the SEC has requested permission to file a 30-page opening brief and a 10-page reply brief in support of the SEC’s Objections to Magistrate Judge Netburn’s Ruling Order for the SEC to unveil the Hinman speech documents.
The Ripple’s defendant opposed these requests, SEC initially sought leave to file an objection to all relating to the speech drafts in a single brief which the court granted.
After the grant from the court, SEC has to file a 30-page memorandum of law in support of its objections,10 pages which are more than the court’s practice unless allow, and much more the SEC filed another 10-page reply brief within seven days of the defendants’ response to the SEC upcoming objections.
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SEC is attempting to overturn the decision of the Magistrate court Netburn. The magistrate has once denied the SEC objection on the Hinman speech of 2018 which was denied in April 2022.
Howbeit, SEC made yet another attempt to keep the documents from being used to support Ripple’s Fair Notice Defense.
The SEC claimed that Hinman’s document is protected by attorney-client privilege and cannot be used as evidence in the lawsuit.
Judge Netburn has regarded the SEC’s argument as inconsistent, therefore, Judge Netburn added that the purpose of the communication that led to Hinman’s 2018 speech was not to provide legal advice to support the SEC. In this view, SEC is given 14 days from the order to file an objection. The Magistrate Judge Netburn denied the SEC’s attorney-client on the 12th of July 2022, this implies that the SEC’s objection ends on the 26th of July 2022.
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