Securities and Exchange Commission v. Ripple Labs Inc.
- Analisa Torres
- 1:20-cv-10832
- U.S. District Court · Southern District of New York
- 1
In Securities and Exchange Commission v. Ripple Labs, Judge Torres ordered redacted public filings and set deadlines for the parties’ submissions.
The Securities and Exchange Commission, Ripple Labs, Inc., Bradley Garlinghouse, Christian A. Larsen, the unidentified movants, and members of the public seeking access to the filings were affected by the redaction and filing requirements.
What happened
Securities and Exchange Commission v. Ripple Labs Inc. concerned proposed redactions to court filings and supporting exhibits.
The court reviewed the parties’ letters proposing redactions and found that the redactions were narrowly tailored to protect the higher values identified by the parties. It ordered public versions of specified letters and exhibits to be filed with those redactions.
The order set deadlines for the filings and for the movants’ response to the SEC’s letter. Judge Analisa Torres issued the order on July 18, 2022.
The detailed version
- Securities and Exchange Commission v. Ripple Labs Inc. · No. 1:20-cv-10832
- Analisa Torres
- July 18, 2022
Background
The case names the Securities and Exchange Commission as the plaintiff and Ripple Labs, Inc., Bradley Garlinghouse, and Christian A. Larsen as defendants. The order addressed proposed redactions to filings concerning a request by unidentified movants.
Court’s Analysis
The court reviewed the parties’ letters proposing redactions, filed on July 15, 2022. It found that the proposed redactions were “narrowly tailored” to preserve the “higher values” identified by the parties.
Order
The court ordered the parties to publicly file, by July 19, 2022, versions of the SEC’s opposition letter, the defendants’ response letter, and the exhibits supporting both letters that complied with the court’s July 11, 2022 order and included the redactions discussed in the parties’ letters. The court also ordered the movants to file their response to the SEC’s letter by July 25, 2022. Judge Analisa Torres signed the order.
Read the full 1-page opinion on CourtListener, the free public archive maintained by the Free Law Project.