Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-07-11 13:05:54

Ripple Defendants Accuse SEC For “Extreme Posture” On Expert Reports

The U.S. Securities and Exchange Commission (SEC) has been charged by the defendants in the Ripple case with adopting an “extreme posture” on expert assessments. They assert that the plaintiff is attempting to silence any “substantive criticism” in a letter they recently sent to Judge Analisa Torres. Attorney John Deaton of the Deaton Law Firm submitted a motion letter to the judge in late May asking permission to submit a brief on behalf of thousands of XRP holders. The action was taken shortly after Patrick B. Doody, the SEC’s expert witness, finished writing a report on the factors that led XRP holders to buy the contentious token. Deaton has stated that he intends to submit a Daubert motion to prevent the use of unqualified evidence. The request was “huge,” according to Hogan & Hogan’s attorney Jeremy Hogan as removing the expert would make it much harder to prove the case. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Defendants and SEC in brawl over expert reports. SEC is taking the “extreme position . . . that the names of its experts and any substantive criticism of their reports should be kept from public view.” Expedited briefing requested. — James K. Filan 🇺🇸🇮🇪 105k (beware of imposters) (@FilanLaw) July 11, 2022 Court Dismissed SEC’s Effort On June 9, the court dismissed the SEC’s effort to have its letter of opposition to the request from an amicus curiae to join the Daubert challe...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.