Reports reveal that court has granted Ripple’s motion to seal exhibits of Defendants’ October 22, 2021.
Of course, in response to the Securities and Exchange Commission’s (SEC) October 15. Also, the 2021 filing regarding the plaintiff’s submission of three additional documents for in camera review.
“#XRPCommunity #SECGov v. #Ripple #XRP 1/2 Court grants the Ripple Defendants’ Motion…”
“to Seal the privilege logs attached to their October 22nd response to the SEC’s filing…”
“That filing was the one where the SEC argued it didn’t have to turn over to Ripple the three additional”
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) October 29, 2021
Furthermore, as per Ripple’s seal appeal, the defendants discusses with the SEC, where it states no objection to filing these materials under seal.
Additionally, the defense notes how both exhibits under seal are specifically confidential by the SEC itself.
Meanwhile, the plaintiff did not show a clear stance against and for the redaction or seal of the documents.
Also, Ripple declares how the exhibits are part of
“discovery materials filed with the court in connection with discovery-related disputes,”.
Which of course, are also confidential by the SEC.
Furthermore, the defendants dialogues on the facts that they are not judicial documents. Thereby, there’s no entitlement to a presumption of public access.
“Exhibit A is a privilege log, dated September 2, 2021, and revised on September 15, 2021,…”
“submitted in this litigation and designated as Confidential by the SEC…”
“Exhibit B is a document produced in this litigation and designated as Confidential…”
“by the SEC pursuant to the Protective Order.”,
Then, Ripple writes
“Exhibits A and B are part of the discovery materials…”
“exchanged between the parties through a “compulsory process to facilitate orderly…”
“preparation for trial, not to educate or titillate the public.”,
Also, the defense adds.
Ripple Responds In 3-additional Documents Dispute
Recall, On October 22nd, Ripple responds to SEC’s letter, explaining its privileges. Of course, along with a redacted version of the 3-additional documents. Which of course, it was requested by the defendants for in-camera review.
Surprisingly, Ripple requests to disclose these documents to the defense.