According to a report, names of the Attorneys that will be representing Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen, have been released.
This update was brought to the notice of the XRP community a few hours ago by the crypto researcher at XRPArcade, Leonidas Hadjiloizou.
According to the list, four Attorneys will represent Brad Garlinghouse, four will represent Chris Larsen, while fourteen will represent the cross-border payment firm, Ripple.
On the other hand, three Attorneys will be representing the United States Securities and Exchange Commission (SEC).
Below are the names of all the Attorneys as shared on Twitter by Leonidas Hadjiloizou:
Bradley Garlinghouse: Alexander Javad Janghorbani, Lucas Dehaan Hakkenberg, Matthew Solomon, and Samuel Loewenson Levander.
Christian A.Larsen: Justin David Ward, Kristina Anne Bunting, Martin Flumenbaum, and Michael E. Gertzman.
Ripple Labs Inc.: Andrew Edward Goldsmith, Andrew J. Ceresney, Bradley E. Oppenheimer, Christopher Sean Ford, Collin White, Eliana M. Pfeffer, Gregory G. Rapawy, Joy Guo, Lillian Virginia Smith, Lisa R. Zornberg, Mary Jo White, Michael K, Kellogg, and Reid Mason Figel.
SEC: Dugan William Edward Bliss, Jorge Gerardo Tenreiro, and Richard R. Best.
Securities and Exchange Commission v. Ripple Labs Inc. Brad Garlinghouse and Christian A. Larsen
Attorneys for all sides pic.twitter.com/4eVmngY8fh
— Leonidas Hadjiloizou (@LeoHadjiloizou) January 13, 2021
On 22nd December 2020, the U.S. SEC filed a lawsuit against Ripple and two of its top executives for the sale of $1.3 billion worth of unregistered securities between 2013 and 2020.
The commission accused the CEO Brad Garlinghouse and co-founder Chris Larsen of failing to register their respective sales of XRP worth relatively $600 million. The charges were reportedly filed in federal district court in Manhattan.
According to the director of the SEC’s Enforcement Division, Stephanie Avakian, these actions “deprived potential purchasers of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to our robust public market system.”
Also, the New York Southern District has set its first court date. All parties involved are directed to appear for an initial pretrial conference with Judge Analisa Torres on 22nd February 2021. According to the report, the proceedings will be conducted via telephone.
Pretrial conferences are specifically designed to help judges organize a case and create a timeline for when pretrial activities will be held. A tentative trial date can also be set by the judge during a pretrial conference.