- Attorney Lisa Zornberg files motion to withdraw from Ripple Labs vs. SEC case.
- The withdrawal comes amid the recent victory for Ripple.
- Ripple Labs remains confident, ensuring adequate representation by other attorneys.
In a surprising twist to the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC), another prominent attorney for Ripple, Lisa Zornberg, has filed a motion to withdraw her appearance from the case.
The court document, filed in the United States District Court for the Southern District of New York, reveals that Zornberg seeks permission to step down as the attorney of record for Ripple Labs.
According to the motion, Defendant Ripple Labs has respectfully requested the court to grant Zornberg’s withdrawal from the case. The withdrawal is set to take effect from July 31, 2023, as the Ripple lawyer will no longer be associated with the renowned law firm of Debevoise & Plimpton LLP.
Interestingly, this development comes amid the recent victory Ripple secured against the SEC from the U.S. court. The court upheld Ripple’s long-standing argument that its sale of XRP on public exchanges was not security as the U.S. regulator claimed.
Meanwhile, despite Zornberg’s departure, Ripple Labs assures that it will still be well-represented by attorneys Andrew Ceresney, Erol Gulay, and Christopher Ford of Debevoise & Plimpton law firm.
Furthermore, the company stated that Zornberg’s withdrawal would not negatively impact its defense in the lawsuit brought by the SEC. The court document also clarifies that Zornberg will not assert any retaining or charging lien concerning her withdrawal.
As of now, the court is yet to render a decision on the motion. About two weeks ago, Ripple similarly sought approval from the US court to grant lawyer Anna Gressel’s request to withdraw from the legal battle.
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