A federal judge has granted the Securities and Exchange Commission's motion to compel Ripple to produce audio and video-taped recordings of its internal meetings, siding with the SEC. Magistrate Judge Sarah Netburn has ordered Ripple to turn over audio and video-taped recordings of its internal meetings, siding with the SEC.
Netburn adds in her Nov. 8 ruling that the corporation must make such measures as soon as possible so that the discovery date is not postponed:
In light of the discovery's conclusion, Ripple is directed to proceed with such efforts as soon as possible.
The parties must meet and consult to determine which specific recordings are most responsive to the plaintiff's claims. Ripple agreed to undertake "a reasonable search" for pertinent records after originally resisting the request.
The defendants, on the other hand, accused the regulator of reversing its previous stance in October, claiming that their request for recordings was "plainly unreasonable."
No comments:
Post a Comment
Note: only a member of this blog may post a comment.