Judge orders Ripple to hand over 1 million Slack messages to the SEC

Judge orders Ripple to hand over 1 million Slack messages to the SEC


U.S. Magistrate Judge Sarah Netburn has ordered Ripple to produce one million missing Slack messages between employees which the Securities and Exchange Commission (SEC) has sought to access. 

Despite Ripple’s protestations that complying would cost up to $1 million, the judge deemed the messages critical and unique evidence for the SEC’s ongoing case against the multi-billion dollar company for selling unregistered securities.

The SEC filed suit against Ripple Labs and its initial and current CEOs, Christian Larsen and Bradley Garlinghouse for selling XRP as an unregistered security in December 20.

Trending: Do NOT Quit Your Job If Forced To Take The Vaxx! Here’s Why and What To Do Instead….

According to Law360, in the original motion to compel Ripple from August 9, the SEC argued that the messages between Ripple employees were “relevant to the parties’ claims and defenses and proportional to the needs of the case.” It also said that Ripple should deliver all messages from 22 email custodians in addition to the Slack messages:

Last month, the SEC told Judge Netburn that the Slack messages which Ripple produced appeared to

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend