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- Lawyer Lisa Zornberg information movement to withdraw from Ripple Labs vs. SEC case.
- The withdrawal comes amid the latest victory for Ripple.
- Ripple Labs stays assured, guaranteeing ample illustration by different attorneys.
In a shocking twist to the continued authorized battle between Ripple Labs and the Securities and Change Fee (SEC), one other outstanding lawyer for Ripple, Lisa Zornberg, has filed a movement to withdraw her look from the case.
The court docket doc, filed in the US District Court docket for the Southern District of New York, reveals that Zornberg seeks permission to step down because the lawyer of file for Ripple Labs.
In accordance with the movement, Defendant Ripple Labs has respectfully requested the court docket to grant Zornberg’s withdrawal from the case. The withdrawal is ready to take impact from July 31, 2023, because the Ripple lawyer will now not be related to the famend legislation agency of Debevoise & Plimpton LLP.
Apparently, this growth comes amid the latest victory Ripple secured towards the SEC from the U.S. court docket. The court docket upheld Ripple’s long-standing argument that its sale of XRP on public exchanges was not safety because the U.S. regulator claimed.
In the meantime, regardless of Zornberg’s departure, Ripple Labs assures that it’ll nonetheless be well-represented by attorneys Andrew Ceresney, Erol Gulay, and Christopher Ford of Debevoise & Plimpton legislation agency.
Moreover, the corporate said that Zornberg’s withdrawal wouldn’t negatively impression its protection within the lawsuit introduced by the SEC. The court docket doc additionally clarifies that Zornberg is not going to assert any retaining or charging lien regarding her withdrawal.
As of now, the court docket is but to render a call on the movement. About two weeks in the past, Ripple equally sought approval from the US court docket to grant lawyer Anna Gressel’s request to withdraw from the authorized battle.