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