Ripple and SEC “make progress” on privilege issues, postpone deposition to July 27
The parties plan to have additional meet and confer discussions in the next few days to further narrow and resolve the issues relating to Mr. Hinman’s deposition.
The deposition of William Hinman, ex-SEC Director of Corporation Finance, has been postponed to July 27, 2021.
Both parties have agreed to reschedule the high-profile testimony after making “substantial progress in narrowing and resolving the privilege issues”, according to the letter sent to Judge Sarah Netburn.
Writing on behalf of both the plaintiff Securities and Exchange Commission and defendants Ripple Labs, Brad Garlinghousse, and Chris Larsen, the document stated:
“At your direction, the parties met and confered this morning on the privilege issues that arose during yesterday’s hearing on the motion to quash the deposition of William Hinman. Based on this morning’s discussions, we have agreed to adjourn the July 19, 2021 deposition of Mr. Hinman, and have rescheduled the deposition for July 27, 2021.
“The parties have made substancial progress in narrowing and resolving the privilege issues, and plan to have additional meet and confer discussions in the next few days to further narrow and resolve the issues relating to Mr. Hinman’s deposition, without waiver of any party’s rights, including any righs under Fed. R. Civ. P. 72(b)(2).
“With the court’s permission, we propose to notify the Court by 5.00 p.m. on Monday, July 19, 2021 as to the status of our discussions and, if further judicial intervention is necessary, to propose a briefing schedule to resolve any outstanding issues.”
The SEC v. Ripple lawsuit has clearly caught the eye of the public. So much so that the Judge took that, and the precedent-setting nature of the case, as exceptional circumstances that justify ordering for the deposition of the former high ranking government official.
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