After a long haul, there is finally another update in the XRP lawsuit, however, it may not be a good look for Ripple. The latest development in the lawsuit saw the SEC file a Letter of Supplemental Authority supporting its Motion to Strike Ripple’s Fair Notice Defense. The plaintiff has used the verdict from a different case with similar fair notice arguments where the decision eventually fell into the SEC’s lap.
Last year, towards the end of December, in the case of SEC vs Fife, a Northern District of Illinois court denied the defendants’ motion to dismiss using the same fair notice argument which Ripple is holding on to in the XRP lawsuit. In the other case, the SEC filed charges against John M. Fife of Chicago and his companies for acquisition and sale of over 21 billion shares of penny stock without registering as a securities dealer with the SEC.
Can Fife’s verdict sabotage Ripple’s Fair Notice argument?
Fife’s defense counsel quickly took to Ripple’s hitherto succes
We współpracy z: https://coingape.com/xrp-lawsuit-can-sec-strike-ripples-fair-notice-defense-using-verdict-from-a-different-case/
