The US Securities and Exchange Commission (SEC) plans to obtain audio and video recordings from Ripple of meetings where the current lawsuit was discussed. This was announced by lawyer James Phelan.
#XRPCommunity #SECGov v. #Ripple #XRP SEC requests conference & order compelling Ripple to search & produce video & audio-taped recordings of Ripple meetings where Garlinghouse, Larsen & other key employees spoke on topics relevant to disputes in lawsuit.
He said it was about meetings in which the company's CEO Brad Garlinghouse and co-founder Chris Larsen, as well as other senior employees, discussed topics related to the lawsuit.
Ripple has asked Judge Sarah Netburn to extend the deadline for responding to the regulator's request until October 8.
#XRPCommunity #SECGov v. #Ripple #XRP Ripple requests extension of time to October 8th to respond to the SEC motion to compel Ripple to search & produce recordings of Ripple meetings where Garlinghouse, Larsen & other key employees spoke on topics relevant to disputes in lawsuit.
Ripple had previously agreed to hand over to the Commission internal records from general meetings from the fourth quarter of 2014, as well as meetings with SBI Holdings. The array reportedly includes discussions by the company's employees about the SEC's investigation.
In the new filing, the regulator claims that the defendant used a "flawed methodology to search" the records, excluding "highly persuasive evidence".
Recall that in early September, the court ordered the fintech company to grant the Commission access to its employees' Slack messages.
Netburn later denied Ripple's motion to disclose SEC employee transactions with Bitcoin, Ethereum and XRP.