Ripple files motion to seal and redact documents in SEC lawsuit
On May 14th, Ripple submitted a motion before the deadline on May 13th, requesting narrow revisions to the relief motion brief and certain evidence. The company stated that its sealed request is reasonable and consistent with the court's approval of sealed requests during the summary judgment phase of the litigation. Prior to submitting the motion on Monday, Ripple's lawyers had consulted with the US financial regulatory agency. The US SEC stated that it accepts some of Ripple's requests and may object to others. According to the documents, Ripple is attempting to edit information that, if publicly disclosed, could harm the company, innocent third parties, and Ripple employees, seeking narrow revisions to its audited financial statements and related documents.
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