XRP Lawsuit News: The U.S. Securities and Exchange Commission (SEC) and Ripple have moved their motions ahead of the court to seal several documents. These memos are linked to the motions for Summary Judgement.
Earlier, Coingape reported that Attorney has dropped an updated schedule of filling in the XRP lawsuit.
Ripple seeks virtually no redaction in XRP lawsuit
The XRP lawsuit is yet to see the court ruling around the Summary Judgement in the XRP lawsuit. However, Ripple has taken its last move in order to secure the ruling in its favor.
The letter mentions that Defendants submit this omnibus Letter Motion to seal certain documents. The mentioned documents were filed on September 13, October 18, and November 30 by the SEC and Defendants.
It added that Defendant looks for virtually no redactions to the Summary Judgment Briefs. While it seeks limited redactions to the statements. However, Ripple highlighted narrowly tailored redactions to certain exhibits and requests which include a small number of highly sensitive and confidential exhibits.
Ripple highlighted that their proposed sealing requests are reasonable as they are narrowly tailored to shield confidential business information. This also includes the privacy interests of many privacy.
As per the request, the sealing of highly confidential and proprietary investment memos was prepared by one of Ripple’s potential investors. It highlights that this is not relevant to the Parties’ legal dispute. While it implicate legitimate privacy interests.