Ripple Rejects Non-Party’s Request for Anonymity in Court Filing

Share this story:

 

According to Ripple, the non-party has no legitimate reason to seek the court to keep his identity, job title, and employer confidential.

A non-party in the current SEC lawsuit, Investment Banker Declarant, has submitted a motion that Ripple, a leading blockchain startup, has opposed. Earlier this month, Investment Banker Declarant requested permission from the court to redact additional sections of the declaration submitted in support of the SEC’s move for summary judgment.

Due to fears of potential threats if the information is made public, the non-party had asked the court to strike his name, position, and employer from the declaration.

It is important to note that the Investment Banker Declarant’s declaration is intended to aid the SEC in its inquiry into Ripple’s alleged violation of U.S. securities law.

Read article: Ripple CEO Sheds Light on $10M XRP Exposure to FTX

Ripple’s Change of Heart

Investment Banker Declarant had been first assured by Ripple and Individual Defendants Brad Garlinghouse and Chris Larsen that they do not oppose or approve of his motion.

Nevertheless, the Defendants changed their minds and formally opposed the Investment Banker Declarant’s motion.

“Defendants Ripple Labs, Garlinghouse, and Larsen oppose the letter motion by Investment Banker Declarant, which seeks to redact his declaration to shield from public view his name, position, and the name of his employer,” an excerpt of Ripple’s opposition read.

According to Ripple, the non-party voluntarily filed the declaration in support of the SEC’s motion for summary judgment. As Ripple pointed out, the non-party did submit the declaration voluntarily, so there is no compelling reason for the court to withhold his name, position, and employer.

The top blockchain corporation added that the non-party’s example is inappropriate. It further stated that none of the cases granted sealing for a declarant who voluntarily submitted a sworn statement at the summary judgment stage.

James K. Filan, a prominent defense attorney who has been updating the XRP community on pertinent facts regarding the current lawsuit, provided Ripple’s opposition to the declarant’s motion.

#XRPCommunity #SECGov v. #Ripple #XRP Ripple opposes the Motion by “Investment Banker Declarant” which seeks to shield from public view his name, position, and employer because he voluntarily submitted the declaration in support of the SEC’s Summary Judgment motion. pic.twitter.com/0GpjTffImO

— James K. Filan 126k (beware of imposters) (@FilanLaw) January 18, 2023

The post Ripple Rejects Non-Party’s Request for Anonymity in Court Filing appeared first on FX Crypto NewsRead More 

All provided materials and tools are for entertainment purposes only and should never be considered financial advice. Crypto News 19 will not take any responsibility for lost funds based on investments/trades made on information found here or any linking website/affiliate. This includes all social media posts and all other communications occurring under the name Crypto News 19. You should always seek professional advice before making any investment or trade.