Home Finance specialist Another motion for extension of time granted, SEC response to emails due May 18

Another motion for extension of time granted, SEC response to emails due May 18

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According to James K. FilanThe court granted both parties’ motion for an extension of time involving attorney fees related to Dr. Albert Metz’s supplemental report in a text-only order, and it is now due by May 27, 2022.

Earlier in Ripple v. SEC, the court denied defendants Ripple’s (Brad Garlinghouse and Chris Larsen) motion to strike the Metz report while reopening the discovery until May 13 to refile Dr. Metz. The SEC was, however, ordered to pay “reasonable expenses” relating to the filing of the motion and Metz’s re-deposition.

Securities and finance specialist Dr. Albert Metz filed his original report on October 4, detailing an event analysis conducted to see if Ripple could manipulate the price of the XRP currency with his announcements. He concluded that the token’s performance was influenced by “certain news and public statements.”

Over the weekend, Ripple filed a six-page response to the SEC’s claims that the Hinman documents were protected by attorney-client privilege. In the court document, Ripple argues that the emails may not be protected by attorney-client privilege, as claimed by the SEC.

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He pointed to the fact that the filing showed that former SEC official William Hinman delivered the 2018 Ethereum speech in a personal capacity. Ripple also claims that the substance of his personal remarks fell outside the scope of such attorney-client privilege.

Meanwhile, the SEC’s response to the Ripple defendants’ latest response is expected on May 18.

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