- According to Bill Morgan, the SEC’s lawyers have a duty of candor to the court.
- Ripple’s CLO spotted a troubling pattern in the SEC’s proceedings against crypto firms.
- Morgan believes intentionally misleading the court on an ex parte motion is the ethical opposite of discharging the duty of candor.
According to Bill Morgan, a renowned lawyer in the crypto environment, an ex parte motion on an urgent basis seeking restraining (or any) orders imposes on the applicant’s lawyers a duty of candor to the court. Morgan made the statement about criticisms labeled against the SEC by other top lawyers in the crypto space, including Stuart Alderoty, Ripple’s CLO.
I have not had an opportunity to look into this case but I can give a perspective from an Australian law context on a general level of the type of conduct that is being criticised by @s_alderoty and @JohnEDeaton1 and others.An ex parte motion on an urgent basis seeking… https://t.co/jssqjUt3kj
— bill morgan (@Belisarius2020) December 3, 2023
In a recent post on X (formerly Twitter), Morgan noted that the duty imposed on the applicant’s lawyer goes as far as notifying the court of any argument …
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