After Ripple’s ‘flawed’ Search, SEC Wants More Recordings Of Internal Meetings

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SEC proti. Ripple Labs has seen a flurry of letters filed with the court by both the agency and the San Francisco-based blockchain company. On 29 September, the SEC requested a telephone conference with Judge Sarah Netburn so it could be relieved from responding to Ripple’s 29,947 requests for admission.

And yet, on 1 October, the SEC also zahtevano a pre-motion conference for an order to compel Ripple to search and produce audio/video recordings of its internal meetings. The SEC specifically wants recordings of meetings where CEO Bradley Garlinghouse, Executive Chairman Christian A. Larsen, and “other key employees” obravnavane teme “relevant” to the lawsuit.

#XRPSkupnost #SECGov v. # Valovanje #XRP SEC zahteva konferenco in odredi Ripple, naj poišče in izdela video in avdioposnetke sestankov Ripple, kjer so Garlinghouse, Larsen in drugi ključni zaposleni govorili o temah, pomembnih za spore v tožbi.https://t.co/DejdauSaqr

- James K. Filan 🇺🇸🇮🇪 (@FilanLaw) Oktober 2, 2021

Zakaj SEC želi te posnetke?

According to the SEC, Ripple opredeljen phrases like “custodian” and “Ripple video-conference” in a way that did not help identify “responsive topics.”

In the aforementioned motion, Trial Attorney at the SEC’s Division of Enforcement, Pascale Guerrier, je dejal,

"Pomanjkljiva metodologija iskanja Ripple je izključila zelo verjetne dokaze iz zakasnele produkcije odzivnih posnetkov Ripple, dokler SEC teh vprašanj ni izpostavil pri Rippleu."

The exact nature of the recordings Ripple has already produced is unknown since there are many redactions in a copy of the vložitev. Nonetheless, the SEC has trdil, that these recordings contain material “critical” to the Howey Tets analysis.

bojevnik je dejal,

»Doslej posneti posnetki zelo dokazujejo (med drugim) prizadevanja Rippla za povečanje vrednosti XRP, razumna pričakovanja zaposlenih v Rippleju glede dobička iz prizadevanj Ripple ter pomembna poslovodska in podjetniška prizadevanja Ripple za vzdrževanje in nadaljnji razvoj knjige XRP - Vsi kritični dokazi za namene Howeyeve analize. "

SID tudi trdili that the search is proportionate to the needs of the case, with the SEC citing four factors based on legal precedent. Among other things, the agency trdil that while the case is controversial, Ripple possessed the recordings and in light of Ripple’s financial performances, it had the resources to conduct the search.

Še več, po mnenju tožnika želeni posnetki "neposredno vplivajo na ključno vprašanje" v tekoči tožbi.

bojevnik sklenjene by stating that any burdens on Ripple are “self-created by the manner in which Ripple chose to name and store its recordings.” This will not serve as an excuse, he noted.

"Prva" zahteva za razširitev

Potem ko je SEC zahteval telekonferenco, da bi bil izvzet iz odgovarjanja na 29,947 zahtev Ripple za sprejem, je Ripple zdaj vložil zahtevo za podaljšanje.

Družba blockchain je prosila za "Dodatna dva delovna dneva" zato bi se lahko odzval 7. oktobra, namesto 5. oktobra.

Pri tem je pismo poudarila,