Ripple Defendants in his case accused the US Securities and Exchange Commission (SEC) of taking an “extreme stance” on expert reports.
In a new letter addressed to Judge Analisa Torres, the defendants allege that the plaintiff sought to suppress “concrete criticism”.
Attorney John Deaton of Deaton Law Firm received tens of thousands of calls from the judge in late May. XRP submitted a letter requesting permission to file a petition on behalf of his investor.
This move comes just after SEC’s expert expert Patrick B. Doody produced a report on what motivates XRP holders to purchase this token.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Defendants and SEC in brawl over expert reports. SEC is taking the “extreme position . . . that the names of its experts and any substantive criticism of their reports should be kept from public view.” Expedited briefing requested. pic.twitter.com/mnKlNkGrGB
— James K. Filan 🇺🇸🇮🇪 105k (beware of imposters) (@FilanLaw) July 11, 2022
Deaton expressed his intention to introduce a Daubert motion that would preclude the presentation of insufficient evidence.
Attorney Jeremy Hogan Says Ripple’s Move Is Important For The Course Of The Case
Jeremy Hogan, one of Hogan & Hogan’s attorneys, said the request was “important” as disabling the expert would make proving the case much more difficult for the SEC.
On June 9, the court denied the SEC’s request to conceal its letter of objection against its request to join the Daubert trial, arguing that the agency was trying to apply too much secrecy.
On June 15, the SEC submitted its proposed corrections to protect the expert witness from “further threats” and “harassment.”
“However, no expert witness should expect to be subjected to a campaign of humiliation, harassment, or threats just because they agree to act as an expert witness,” the SEC said.
However, defendants allege that the SEC is trying to “suppress public criticism of its experts’ views.”
*Not investment advice.