Another twist in XRP lawsuit as SEC files opposition to turning over Estabrook notes: details XRPCommunity RippleXRP
The said notes, taken during a 2018 meeting between Elad Roisman and Brad Garlinghouse, came into the limelight in January 2022, when Estabrook cleaned out his desk as he prepared to leave his position at the SEC.to compel the SEC to turn over the Estabrook notes, when the agency claimed the deliberative process privilege . Ripple, however, argued that the notes were not privileged and should be disclosed.
The company further stated that contemporaneous meeting recordings provided to the SEC demonstrate that the Ripple boss had departed the meeting, initiating the belief that the SEC had recognized the legal"purgatory" posed by regulatory ambiguity. Ripple had scored an earlier win when the two 2012 legal memos that contained the description of the advice Ripple received were made public.also reported another positive win for Ripple in the ongoing lawsuit as, in a one-word order, District Judge Torres denied the SEC's motion to file a sur-sur-reply in support of its motion to strike Ripple's fair notice defense.
The SEC had referred to a similar case involving blockchain company LBRY Inc., in its request to file a sur-sur-reply to Ripple's sur-reply. However, Ripple's lawyers argued that the U.S. Securities and Exchange Commission should not be allowed to bolster its case against the company's pivotal fair notice defense by filling the gap with"out-of-circuit" cases.
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