The SEC submitted a request on June 15 to seal its response to the Amichi movement to participate in the Dobert Challenge. The move follows testimony from SEC expert Patrick B. Doody, reporting on what information “reasonable” XRP holders depended on when purchasing tokens. ..
However, the defendant responded promptly to this submission and emphasized the “exhibition.” Excerpt from the expert testimony record-as a “judicial document”. Defendant agreed to seal a document disclosing the identity of the expert. However, they claimed that the SEC demanded that the passage be edited. It will undermine the professionals.
Dissent, my lord
In the latest submission, the SEC challenged Ripple’s motion. Defendant was thus intended to seal Attachment O in connection with amii’s request to participate in the SEC expert’s challenge. Famous lawyer James Filan shared this development in a tweet on June 17th.
#XRPCommunity #SECGov v. ## Ripple #XRP The SEC has challenged Ripple’s motion to seal Attachment O in connection with amii’s request to participate in the SEC expert’s motion. pic.twitter.com/Yf3hm5yOQ5
— James K. Filan 🇺🇸🇮🇪 103k + (Beware of scammers) (@ FilanLaw) June 17, 2022
This opposed the allegations by six XRP investors to provide a summary of the views of one of the SEC experts. He added,
“Defendant’s conclusive allegation that Attachment O contains” Confidential Confidential Business Information “is not sufficient to justify the seal. Defendants cannot provide true support for their allegations, as Attachment O does not.
Contains confidential business information. “
The SEC states: Documents make the party look bad Or, hurting the parties in the merits of the proceedings is not a legally valid justification for the seal. Despite the defendant being “confidential” under the explanation of the protection order, the court had a firm position to allow the SEC Ripple document to be sealed.
“The court shall not permit the sealing of a document simply because the information contained therein is subject to a stipulated protection order. Just because it was negotiated for confidentiality, it will be applied to a judicial document. You can’t overcome the access estimate. “
In the court’s prior judgment, Attachment O is “definitely a judicial document.” This was submitted to the court as “Supplementary Material” in connection with the opposition to the SEC’s Movants motion.
Note that Ripple’s move to seal some documents makes sense for a few XRP enthusiasts.
Because the SEC knows the straws and Ripple has a duty to protect its business partners. It’s probably just a way for the SEC to move their fingers away from them for a moment.
— Dirty cache (@dirtycachellc) June 17, 2022
But no matter what the situation, there is optimism given the previous green light. It should be remembered that in October last year, a judge ordered that 25k XRP holders be granted Amicus Curiae status.
