{"id":1050389,"date":"2021-08-31T04:28:53","date_gmt":"2021-08-31T08:28:53","guid":{"rendered":"https:\/\/coinnounce.com\/?p=27124"},"modified":"2021-08-31T04:28:53","modified_gmt":"2021-08-31T08:28:53","slug":"the-sec-has-filed-a-motion-to-compel-data-discovery-in-the-xrp-lawsuit","status":"publish","type":"station","link":"https:\/\/platoaistream.net\/plato-data\/the-sec-has-filed-a-motion-to-compel-data-discovery-in-the-xrp-lawsuit\/","title":{"rendered":"The SEC has filed a Motion to Compel data discovery in the XRP lawsuit."},"content":{"rendered":"\n
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In the latest XRP lawsuit<\/a> update, the SEC has filed<\/a> a Motion to Compel data discovery. The letter motion pleas to the court to compel Ripple to produce video and audio recordings of Ripple staff meetings. The SEC asserted that Ripple\u2019s vast accumulation of potential evidence was kept from the plaintiff, despite the SEC\u2019s request for relevant recordings in one of its first letters to Ripple in January 2021.  <\/span><\/p>\n

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#XRPCommunity<\/a> #SECGov<\/a> v. #Ripple<\/a> #XRP<\/a> The SEC has filed a Motion to Compel Ripple to produce video and audio recordings of Ripple staff meetings it claims to have learned about from a “key former Ripple employee” in a deposition taken earlier this month.https:\/\/t.co\/3Lfv1UrgZz<\/a><\/p>\n

\u2014 James K. Filan \ud83c\uddfa\ud83c\uddf8\ud83c\uddee\ud83c\uddea (@FilanLaw) August 31, 2021<\/a><\/p>\n<\/blockquote>\n

Ripple never informed the plaintiff that the defendants routinely recorded staff meetings.<\/span><\/h2>\n

According to the SEC, Ripple never informed the plaintiff that the defendants routinely recorded staff meetings. Nevertheless, the SEC recently learned about it from a \u201ckey former Ripple employee\u201d in a deposition taken earlier this month. Ripple\u2019s former Chief Compliance Officer, Antoinette O\u2019Gorman revealed for the first time in the lawsuit in her deposition of 4th August about Ripple\u2019s routinely recorded staff meetings. Upon the discovery of this new information, the SEC requested a confirmation of the same from Ripple.  <\/span><\/p>\n

Ripple agreed to produce the audio-visual data but with a condition. <\/span><\/h2>\n

The plaintiff had requested the production of responsive recordings, which it had mentioned when discovery just began, back in January. Ripple acknowledged that it had hidden the routine recordings\u2019 information from the plaintiff. Upon SEC\u2019s informal request, Ripple agreed to produce the audio-visual data. However, the discovery came with terms and conditions. Ripple stated that it would willingly produce the recordings mentioned in Exhibit A if the SEC forfeits its right to seek data discovery in the foreseeable future. The SEC, however, has denied Ripple\u2019s conditions to compliance before SEC\u2019s data discovery request. This, in turn, has led to SEC\u2019s latest letter motion to compel discovery.<\/span><\/p>\n<\/div>\n

Source: https:\/\/coinnounce.com\/the-sec-has-filed-a-motion-to-compel-data-discovery-in-the-xrp-lawsuit\/<\/a><\/p>\n","protected":false},"author":1,"featured_media":1050391,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[]},"genre":[41],"artist":[5779],"mood":[],"activity":[],"station_tag":[9829,3629,4523,7964,3688,4726,4057,4529,3642,5734,3772,3773,4069,3950,3650,3908,3653,3805,3703,4658,4573,3736,5852,3707,4579,4022,4023,3671,5101,3874],"_links":{"self":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station\/1050389"}],"collection":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/media\/1050391"}],"wp:attachment":[{"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/media?parent=1050389"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/genre?post=1050389"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/artist?post=1050389"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/mood?post=1050389"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/activity?post=1050389"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platoaistream.net\/wp-json\/wp\/v2\/station_tag?post=1050389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}