| In XRP Case
Now SEC Asks to Quash Hinman Deposition by
Ripple, Letter Here
By Matthew
Russell Lee, Patreon Podcast
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
July 8 – In SEC v. Ripple Labs
Inc. et al., a discovery
hearing was held on April 30
before U.S. District Court for
the Southern District of New
York Magistrate Judge Netburn.
Inner City Press live
tweeted it, see below,
then put underlying emails on
Patreon here.
On May 21, after
an SEC submission now on
Patreon here,
podcast here,
Judge Netburn held another
conference, this time on
whether the SEC can get access
to legal advise to Ripple.
Inner City Press fought to
cover it and did, live
tweeting it here
and below.
On July 8,
the SEC asked Magistrate Judge
Netburn to quash Ripple's
subpoena to depose William H.
Hinman, former director of the
SEC's Division of Corporate
Finance. Inner City Press
previously filmed
pro-XRP picket on Lexington
Avenue on this topic, and now
publishes the SEC's opposition
on Patreon, here.
On
June 14, Judge Netburn agreed
to sign and issue letters for
request for the individual
defendants, Bradley
Garlinghouse and Christian A.
Larsen, to iFinex, Bitforex,
Bitrue Singapore, Coinbene Ltd
Vanuatu, Coinone Co., Upbit
and others. Full request
letter on Patreon here.
Now on June 15,
the letters have been picked
up, and we learn that they
will be going to the
Central
Authorities of
the United
Kingdom of
Great Britain
and Northern
Ireland, the
Cayman
Islands, the
British Virgin
Islands, the
Hong Kong
Special
Administrative
Region of
China, the
Republic of
Singapore, the
Republic of
Seychelles,
the Republic
of Korea, and
the Republic
of Malta.
The
filing: "LETTERS
ROGATORY ISSUED on June 15,
2021, and picked up by Cleary
Gottlieb Steen & Hamilton
LLP and to be served in the
Central Authorities of the
United Kingdom of Great
Britain and Northern Ireland,
the Cayman Islands, the
British Virgin Islands, the
Hong Kong Special
Administrative Region of
China, the Republic of
Singapore, the Republic of
Seychelles, the Republic of
Korea, and the Republic of
Malta.(km)"
On June 2, the
SEC asked for a 60 day
extension of time for
discovery. Full 7-page letter
on Patreon here.
On June 4, Ripple
wrote to Judge Analisa Torres
that they oppose any extension
and will put in more paper
next week. Watch this site.
On Memorial Day
weekend, Judge Netburn
issued a 9-page order denying
the SEC's request, without
prejudice to it being renewed,
full order on Patreon here:
"OPINION & ORDER re: [165]
LETTER MOTION for Local Rule
37.2 Conference addressed to
Magistrate Judge Sarah Netburn
from Jorge G. Tenreiro dated
May 7, 2021, filed by
Securities and Exchange
Commission, [166] LETTER
MOTION for Local Rule 37.2
Conference addressed to
Magistrate Judge Sarah Netburn
from Jorge G. Tenreiro dated
May 7, 2021, filed by
Securities and Exchange
Commission. The SEC's motion
is DENIED. If, at some later
date, Ripple raises its good
faith beliefs or relies upon
its privileged communications
in support of its fair notice
defense, the Plaintiff may
renew its application to the
Court. Respectfully, the Clerk
of Court is directed to deny
the motions at ECF Nos. 165
and 166. (Signed by Magistrate
Judge Sarah Netburn on
5/30/2021)."
Inner City
Press will stay on this.
The case is
Securities and Exchange
Commission v. Ripple Labs Inc.
et al., 20-cv-10832 (Torres /
Netburn)
***
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