XRP Lawsuit: Another Win For Ripple? Judge Partially Reject SEC’s Request

XRP Lawsuit News: Analisa Torres, District Judge issued an order over the Daubert Motions in the XRP lawsuit. The decree is regarding the parties’ Motion to seal documents in connection with the Expert Challenges. However, the verdict around Summary Judgement is still pending.

Judge accepts Ripple’s motion in XRP lawsuit

As per the order, the U.S. Securities and Exchange Commission (SEC) was seeking a ruling to seal and redact certain documents deposited by the parties to exclude expert testimony. The commission in its request mentioned that its proposed redactions aim to protect the identity of the expert witnesses.

Ripple and the defendants were also seeking an order directing the redaction of such portions. They stated that their redaction aims to protect Ripple’s confidential business interests and the legitimate privacy interests of third parties. The defendants asked the court to argue that the revelation of their details could directly result in major damage to their negotiation position in future deals. This can directly lead the competitors to adjust their sales plans and pricing policies.

While, non-parties MoneyGram International, Inc asked the court to the redaction of portions of certain details to protect their own private business information.

Read More: Coingape reported that Brad Garlinghouse, Ripple CEO’s counsel has filed to withdraw from the XRP lawsuit. Attorney Nicole Tatz stated that she will no longer be linked with the law firm.

Court accepts SEC motion but….

Judge Analisa Torres, partly granted the motions of the SEC in the XRP lawsuit. The order stated that the court denies the commission’s request to redact the names of the consulting firms which helped its expert witnesses. While it grants the watchdog’s appeal to redact the documents deposited in link with the Daubert Motions.

However, the judge granted the defendants’, MoneyGram and third party motions. While it ordered the official to terminate the pending motions.