E Point Perfect – Interesting and beneficial content

Ripple Accuses SEC of Taking “Extreme Position” on Expert Reports


article image

Alex Dovbnya

Ripple and SEC fight it out over expert witness reports as suit rages on

The defendants in the Ripple case have accused the U.S. Securities and Exchange Commission of taking an “extreme stance” on expert reports. In a recent letter addressing Judge Analisa Torres, they claim that the plaintiff is trying to suppress any “substantive criticism.”

In late May, attorney John Deaton of the Deaton Law Firm filed a motion letter to ask the judge to allow him to file a brief on behalf of tens of thousands of XRP holders.

The move came hot on the heels of Patrick B. Doody, the SEC’s expert witness, preparing a report on what motivated XRP holders to purchase the controversial token.

Deaton has expressed his intention to file a Daubert motion that would exclude the presentation of unqualified evidence.

 Jeremy Hogan, an attorney at Hogan & Hogan, said that the motion was “big” since striking the expert would make it far more challenging to prove its case.

On June 9, the court denied the SEC’s motion to seal its opposition letter to the amicus request to take part in the Daubert challenge, arguing that the agency was trying to seal more than necessary. On June 15, the SEC submitted its proposed redactions in order to prove the expert witness from “further threats” and “harassment.”

“But no expert witness should expect to be subjected to a campaign of humiliation, harassment, or threats simply by agreeing to act as an expert witness,” the SEC argued.

The defendants, however, claim that the agency is trying to “suppress public criticism of its experts’ opinions.”


Source link

Related posts

Institutional Investors Are Getting Back in Bitcoin and Cryptocurrency Market

Galaxy Digital Blocked by Judge from Immediately Acquiring Celsius Unit

Ripple Gives Money to Creators Again, Especially This One: Details

Ethereum Millionaire Amount Reaches New High, Here’s What They’re Planning

Jim Cramer Raises Concerns Over ‘Unprecedented’ Crypto Bank Bailout

ADA and BNB Price Analysis for October 31