On April 22, Ripple filed a Motion to Strike knowledgeable testimony and accompanying displays from the SEC’s remedy-related opening brief.
Ripple filed a movement to strike testimony from SEC Enforcement Division Accountant Andrea Fox.
The SEC included testimony and displays from Andrea Fox (the Fox Declaration) in its March opening transient submitting, arguing for a punitive penalty and an injunction. Ripple argued that Andrea Fox was an knowledgeable witness and that the SEC failed to supply her identification and testimony throughout remedies-related discovery.
The SEC disputed the Movement to Dismiss, stating that Andrea Fox was a abstract witness. Considerably, the SEC doesn’t want to supply abstract witness testimony throughout discovery as a result of abstract witnesses summarize current proof.
Within the reply transient, Ripple argued that Fox didn’t summarize Ripple’s monetary statements. Ripple additionally said that if Fox was a abstract witness, the SEC nonetheless wanted to reveal her throughout discovery and have the chance to depose her. Within the reply transient, Ripple identified that the SEC didn’t handle the instances Ripple cited in its Movement to Strike.
The courts may rule on the Movement to Strike at any time. Nonetheless, the SEC should file its remedy-related reply transient by Could 6. The remedy-related reply transient will contest Ripple’s opposition to the SEC’s opening brief arguing for punitive penalty and injunction.