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Ripple files motion to seal and redact documents in SEC lawsuit
2024-05-14 06:16
Odaily News Ripple filed a motion before the May 13 deadline to narrowly redact the brief and certain evidence in the motion for relief. The company said its sealing request was reasonable and consistent with sealing requests approved by the court during the summary judgment phase of the lawsuit. Ripple's lawyers consulted with U.S. financial regulators before filing the motion on Monday. The U.S. SEC said it accepts some of Ripple's requests and may object to others. According to the documents, Ripple is seeking to redact information that could cause harm to the company, innocent third parties and Ripple employees if disclosed publicly, and is seeking narrow redactions to documents containing its audited financial statements and related documents. (FXStreet)