Nicole Tatz, an attorney for Ripple Labs Inc. Chief Executive Officer Bradley Garlinghouse, has applied to withdraw as the co-defendant’s counsel in his ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC).
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- Tatz submitted the motion to withdraw as counsel on Friday, saying other attorneys at the U.S. law firm, Cleary Gottlieb Steen & Hamilton LLP, will “continue to be counsel of record for Bradley Garlinghouse in this action.”
- Tatz said in another Friday court filing that she would no longer be associated with the law firm starting from Dec. 31.
- In December 2020, the SEC filed a lawsuit against Ripple and its executives, alleging the sale of XRP constituted an offering of unregistered securities worth over US$1.38 billion.
- The SEC named Ripple Executive Chairman Chris Larsen and Garlinghouse as co-defendants.
See related article: What is XRP and what is Ripple?