The U.S. Securities and Exchange Commission (SEC) and Ripple will attend a conference next week to discuss the SEC’s attorney-client claim over Hinman’s documents. The court wants to weigh the SEC’s recent attorney-client privilege claim on Hinman’s documents. Here are the details…
In the Ripple case, discussion about the Hinman documents
Kriptokoin.com William Hinman’s discussions over custody of the 2018 document Following that, Judge Sarah Netburn scheduled a conference with Ripple and the SEC to discuss all issues with the document. The conference is scheduled to be held on Tuesday, June 7, 2022, at 15.00 (Turkish time), New York City, 500 Pearl Street, Daniel P. Moynihan Courthouse, 23B Courthouse.
The reason for the conference is cited as discussing the attorney-client argument put forward by the SEC in its bid to keep Hinman’s documents away from Ripple. The U.S. Securities and Exchange Commission denied Hinman’s orders to hand over the 2018 documents to Ripple, arguing that the documents were protected by attorney-client privilege. As a result of the SEC’s latest claim on Hinman’s document, which doesn’t quite match with Ripple, the blockchain company has challenged the attorney-client claim.
Litigation is taking longer than expected
The court has decided to hold a conference for both Ripple and the SEC to discuss renewed attorney-client privilege claims. Meanwhile, the development was shared on Twitter by lawyer Filan. The ongoing litigation between Ripple and the Securities and Exchange Commission (SEC) took longer than expected as many thought the case would conclude a few months after the SEC filed their charges.
However, according to legal expert attorney James K. Filan, the case should have settled on or before March 31, 2022. For much of the lawsuit, the argument was about a 2018 speech by William Hinman, former director of the SEC’s Corporate Finance Division, during the 2018 fintech week in which he explained that the “sale of Ethereum (ETH) does not constitute a “sale of securities.” Ripple has repeatedly argued that there was more to this speech by Hinman, as the company demanded that the SEC hand over a document containing 68 draft emails that it believed would be a key decision maker in the case.
