XRP Lawsuit: Ripple back in a rut as court grants SEC motion to compel discovery in Slack dispute
The latest development in the XRP Lawsuit has come as a shock to the defendants. The court has granted the plaintiff’s Motion to Compel Discovery of Ripple’s Slack communications.
#XRPCommunity #SECGov v. #Ripple #XRP 1/3 The Court grants the SEC's Motion to Compel Production of Ripple's Slack communications in a Text Only Order. The Order states: "ORDER granting 283 Letter Motion. The Slack messages sought are relevant to the parties' claims and defenses
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 1, 2021
Ripple has tried every trick in the book to dismiss SEC’s request to the court, compelling ripple to product pending documentation in the Slack dispute. From the passive stance of offering a bargain by the discovery of additional, relevant, and case-specific Slack data; to the active action of filing a sur-reply to correct SEC’s “misstatements” in Slack data dispute. Yet, Ripple has lost the battle against SEC in preventing the discovery of its internal Slack conversations.
“ORDER granting 283 Letter Motion. The Slack messages sought are relevant to the parties’ claims and defenses and proportional to the needs of the case. Any burden to Ripple is outweighed by its previous agreement to produce the relevant Slack messages, the relative resources of the parties, and the amount in controversy. Accordingly, Ripple is ordered to search and produce responsive documents from the Slack platform from the 22 custodians identified by the SEC.”, stated the Order.
Attorney Tessler’s technical consultancy rejected
Ripple’s end of the case became weaker as the court also rejected Attorney Tessler’s offer to practice Pro Hac Vice as counsel for amicus curiae, on behalf of the Chamber of Digital Commerce.
The court announced that the “attorney does not represent a party or a movant in the case. The Clerk of Court is directed to strike The Chamber of Digital Commerce from the docket pending a proper motion for leave to file an amicus brief.”
Ripple saw a ray of light with Attorney Tessler’s entrance in the XRP lawsuit. Her professional background in protecting the crypto community from regulatory issues became a solid ground for speculating a position turn for Ripple in the XRP lawsuit. However, Ripple has bored the burn of two consecutive losses overnight. Both, losing Tessler’s potential support and being compelled to produce Slack data, has accounted for a bad day and long journey for the defense in the XRP lawsuit.
#XRPCommunity #SECGov v. #Ripple #XRP 1/2 The Court denied the Motion for Attorney Lilya Tessler to Appear Pro Hac Vice. The Court stated that the "attorney does not represent a party or a movant in the case. The Clerk of Court is directed to strike The Chamber of Digital
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) September 1, 2021
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility
- U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
