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Legal Communications

Stage

Acq - Fin | Alive

About Legal Communications

Legal Communications was a publisher of legal journals and directories in the Philadelphia market. Its publications included The Legal Intelligencer, Pennsylvania Law Journal Reporter, Pennsylvania District and Court Reports, and The Delaware Corporate Law Reporter. Legal Communications was sold to Wasserstein Perella in 1998.

Headquarters Location

Philadelphia, Pennsylvania, 19019,

United States

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Latest Legal Communications News

US Court Denies SEC Access to Ripple’s Legal Communications

May 31, 2021

Ripple received another favorable ruling in its legal battle against the Securities and Exchange Commission (SEC) as Judge Sarah Netburn recently denied the US financial markets regulator access to the blockchain firm’s legal communications. The regulator filed a motion at the beginning of this month seeking access to ‘all communications constituting, transmitting, or discussing any legal advice Ripple sought or received as to whether its offers and sales of XRP were or would be subject to federal securities laws’. Ripple challenged the motion saying that the SEC’s requested communications are protected by the attorney-client privilege, which has not been waived. However, the SEC countered that the California-based company put its attorney advice at issue by asserting a fair notice defense and that the regulator is entitled to ‘test and rebut this defense’. “The motion is DENIED,” the judge wrote in a memo published on Sunday. Further, Judge Netburn elaborated that the attorney-client privilege should be ‘strictly confined within the narrowest possible limits consistent with the logic of its principle’. Meanwhile, legal experts are considering this recent ruling extremely important for Ripple that is a standing firm in legal defense. Suggested articles Borussia Dortmund Secures its Place in the Champions League! Go to article >> Judge DENIES the SEC’s motion to compel production of Ripple’s lawyer opinion letters. Very important because the Judge states Ripple’s subjective beliefs re XRP are NOT relevant to the Fair Notice defense, blocking the road the SEC wanted to use to fight the Defense. https://t.co/MHsx569BmO Small Wins for Ripple The US financial markets regulator dragged Ripple to court last December, accusing the company of selling unregistered securities XRP and raising around $1.3 billion. This turned out to be the biggest crypto-related litigation given the size and penetration of Ripple. Furthermore, the SEC also tried to gain access to the personal finances of Ripple CEO, Brad Garlinghouse and Executive Chairman, Chris Larsen, but failed. Earlier, Ripple received access to SEC’s internal communications to see if the regulator previously saw XRP similar to Bitcoin and Ether, neither of which are facing any legal troubles in the US. Despite the high-profile lawsuit, the blockchain company is optimistic, and the executives are planning to take Ripple public after its settlement with the SEC. Share this article

Legal Communications Frequently Asked Questions (FAQ)

  • Where is Legal Communications's headquarters?

    Legal Communications's headquarters is located at Philadelphia.

  • What is Legal Communications's latest funding round?

    Legal Communications's latest funding round is Acq - Fin.

  • Who are the investors of Legal Communications?

    Investors of Legal Communications include Wasserstein & Co. and MVP Capital Partners.

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