![The HubSpot Blog's Marketing Leadership Report: How 720+ Brand Leaders Will Get Ahead in 2025 [+ How to Join Them]](https://www.hubspot.com/hubfs/Copy%20of%20The%20Future%20of%20Work%20is%20Flexible%20%5BImage%2c%20IG%5D%20%28598%20%C3%97%20398%20px%29%20%28595%20%C3%97%20400%20px%29%20%28517%20%C3%97%20517%20px%29.png)
.png)
Ripple CLO Points to SEC’s Latest Legal Loss And Why It’s So Bullish On Case Outcome ⋆ ZyCrypto
The post Ripple CLO Points to SEC’s Latest Legal Loss And Why It’s So Bullish On Case Outcome ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has drawn attention to a recent legal setback faced by the U.S. Securities and Exchange Commission (SEC). This setback, stemming from the SEC’s lawsuit against Aron Govil, could have profound implications for the ongoing legal battle between Ripple and the SEC. Alderoty’s remarks follow a court decision that denied the SEC’s petition for review, reinforcing a ruling that could affect the SEC’s ability to seek disgorgement in cases where investors did not suffer financial losses. The SEC continues to lose. The Second Circuit Court of Appeals refused to reconsider their decision in Govil which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller. https://t.co/AOEHcyiajo pic.twitter.com/TPCbmAcAmY — Stuart Alderoty (@s_alderoty) April 11, 2024 The SEC’s recent defeat occurred in its lawsuit against Aron Govil, where the Second Circuit Court of Appeals declined to review its decision from last year. The court’s ruling stated that the SEC cannot demand disgorgement from an issuer or seller unless the buyer has incurred economic losses. Despite the SEC’s attempt to appeal this decision, the court stood by its initial ruling, dealing a blow to the commission’s legal strategy. In a post on his X account, Alderoty highlighted that the SEC has faced repeated defeats, particularly in legal battles. “The SEC continues to lose. The Second Circuit Court of Appeals refused to reconsider their decision in Govil which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller.” Advertisement   Implications for Ripple Lawsuit The Govil decision could directly affect Ripple’s defense in its lawsuit with the SEC. Ripple is currently facing allegations of violating federal securities laws through its XRP sales. With the SEC seeking nearly…
The post Ripple CLO Points to SEC’s Latest Legal Loss And Why It’s So Bullish On Case Outcome ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has drawn attention to a recent legal setback faced by the U.S. Securities and Exchange Commission (SEC). This setback, stemming from the SEC’s lawsuit against Aron Govil, could have profound implications for the ongoing legal battle between Ripple and the SEC. Alderoty’s remarks follow a court decision that denied the SEC’s petition for review, reinforcing a ruling that could affect the SEC’s ability to seek disgorgement in cases where investors did not suffer financial losses. The SEC continues to lose. The Second Circuit Court of Appeals refused to reconsider their decision in Govil which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller. https://t.co/AOEHcyiajo pic.twitter.com/TPCbmAcAmY — Stuart Alderoty (@s_alderoty) April 11, 2024 The SEC’s recent defeat occurred in its lawsuit against Aron Govil, where the Second Circuit Court of Appeals declined to review its decision from last year. The court’s ruling stated that the SEC cannot demand disgorgement from an issuer or seller unless the buyer has incurred economic losses. Despite the SEC’s attempt to appeal this decision, the court stood by its initial ruling, dealing a blow to the commission’s legal strategy. In a post on his X account, Alderoty highlighted that the SEC has faced repeated defeats, particularly in legal battles. “The SEC continues to lose. The Second Circuit Court of Appeals refused to reconsider their decision in Govil which held that if a buyer suffers no financial loss, the SEC is not entitled to disgorgement from the seller.” Advertisement Implications for Ripple Lawsuit The Govil decision could directly affect Ripple’s defense in its lawsuit with the SEC. Ripple is currently facing allegations of violating federal securities laws through its XRP sales. With the SEC seeking nearly…
What's Your Reaction?
