SEC vs. Ripple: Court Grants Parties’ Narrowly Tailored Requests to Redact Documents Linked to Amici’s Motion

The parties’ request to redact portions of documents associated with Amici’s motion to participate in the lawsuit has been granted. 

U.S. District Judge Analisa Torres has approved requests made by Ripple and the SEC to execute narrowly tailored redactions to the documents filed in connection to Amici’s motion to participate in an upcoming challenge of one of SEC’s experts. 

According to the order, Judge Torres noted that she finds the SEC and Ripple’s requests to be “narrowly tailored” to preserve the higher values cited in their respective letters last week. 

#XRPCommunity #SECGov v. #Ripple #XRP Court approves parties’ sealing requests regarding amici motion to participate in challenge to SEC expert. Unsealed versions must be filed by tomorrow, July 19th. Amici must reply to SEC objection to their participation by Monday, July 25th. pic.twitter.com/fCjNQ3MrPZ

— James K. Filan ???? 106k (beware of imposters) (@FilanLaw) July 18, 2022

Court’s Order

Following the court’s approval of the parties’ request, both the SEC and Ripple are expected to publicly file unsealed versions of their objections and responses today. 

While the SEC will file the unsealed version of its opposition to Amici’s request publicly to participate in the expert challenge, Ripple will publicly file its response to the SEC’s objection. 

The parties are also expected to submit supporting exhibits during the public filing of their respective motions.  

After unsealed versions of the SEC’s opposition have been publicly filed, Amici must file its response to the objection on or before July 25, 2022. 

Brawl Over Amici’s Motion 

Amici’s request to participate in the challenge of one of SEC’s experts has recently been a major bone of contention. 

It is publicly known that the SEC objects to this request. However, the contents of the SEC’s objection are still unknown to the public because the Securities and Exchange Commission requested that it seal its opposition in its entirety to protect experts from harassment and threats. 

Ripple objected to the SEC’s request to seal its objection, saying the agency should provide narrowly tailored redaction. Along the line, Ripple also requested the sealing of the contents of one of the exhibits submitted by the SEC, which it claims is vital to its business. 

Parties’ Motion Granted and Denied in Part

In a ruling made last week, Judge Torres granted in part and denied in part the parties’ request. She stated that sealing vital judicial documents away from the public would have negative consequences on the United States’ justice system. 

According to Judge Torres, people may lose confidence in the country’s justice system when they are denied access to essential court documents. 

Following her ruling, the parties had to make their respective narrowly tailored requests. The SEC requested that the name of its expert be excluded from its objection to Amici’s motion to participate in the expert challenge. 

However, Ripple requested that the email addresses of two of its employees cited in one of the exhibits be excluded from the document. 

Judge Torres believes their requests are narrowly tailored enough, prompting her to approve them. 

– Advertisement –