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Ripple Files Motion to Seal and Amend Parts of SEC Lawsuit

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2024-05-14 06:23:17
On May 14 news, Ripple filed a motion before the May 13 deadline for narrow amendments to the brief and certain evidence of the relief motion. The company said its request for sealing was reasonable and consistent with the request for sealing granted by the court during the summary judgment phase of the lawsuit. Before filing the motion on Monday, Ripple's attorneys consulted with U.S. financial regulators. The U.S. SEC said it accepts some of Ripple's requests and may contest others.
According to the filing, Ripple seeks to redact information that could cause harm to the company, innocent third parties, and Ripple employees if publicly disclosed, seeking narrow amendments to documents that include its audited financial statements and related documents.
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