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Market News

Judge Netburn Grants Ripple’s Motion for Extension of Time

Ripple’s counsel had sent a letter to the judge requesting an extension till Monday, August 16, 2021.

Written By Dhara Chavda
Published 2021-08-12
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Judge Netburn Grants Ripple's Motion for Extension of Time

Judge Netburn granted Ripple’s extension of time regarding the Slack communication dispute with SEC in the ongoing XRP lawsuit. Ripple’s counsel had sent a letter to the judge requesting an extension till Monday, August 16, 2021.

“The documents may be filed under seal on an interim basis subject to further reconsideration by the Court when it considers the merits of the underlying motion,” said Judge Netburn.

The SEC had filed an emergency motion to revisit its claims against Slack data that Ripple had been withholding. The approval of SEC’s emergency motion would force Ripple to produce the pending data from Slack. The data was used for Ripple’s internal communications according to the SEC.

Also Read: SEC Vs. RIPPLE: Ripple Files Request for Extension of Time

SEC has put forward a list of 11 Ripple witnesses with the help of incomplete Slack records. The prosecutor argues that Ripple’s Slack conversations hold “Highly Relevant Communications”. It also argues that the respondent should be compelled to search and produce responsive messages from 22 out of 33 of its email custodians.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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