Judge Analisa Torres established a briefing schedule for the Ripple vs. SEC case. The motions for summary judgment must be fully briefed a month earlier than expected
Ripple Vs. SEC: Court Brings Calendar Forward
In a recent order, Judge Analisa Torres of the United States District Court for the Southern District of New York established a briefing schedule for the Ripple vs. SEC case.
The court asked the parties to agree on a schedule for filing summary judgment motions in late March.
After meeting and conferring, the parties submitted a joint proposed schedule for the court’s approval on April 29.
Torres has reviewed the parties’ letter and has ordered that all expert testimony motions be fully briefed by the end of August. The scheduling order would not apply to any motions seeking to prevent financial expert Anthony M. Bracco from testifying. The judge states that such testimony can only be filed “once the issue of remedies is ripe.”
Over the weekend, James Filan, a defense attorney, shared a new proposed calendar. Judge Torres changed the deadlines for the SEC and Ripple Lab’s extension requests.
According to the court document filed on April 28,
- By July 12, 2022, the parties shall file any motions to exclude expert testimony and file all their oppositions by August 9, 2022.
- The parties shall file replies, if any, by August 30, 2022.
- By September 13, 2022, the parties shall file any motions for summary judgment and Rule 56.1 statements.
- The parties shall file their oppositions and responses by October 18, 2022.
- By November 15, 2022, the parties shall file replies, if any.
Motions for summary judgment must be fully briefed before Nov. 15, according to the judge’s modified calendar, which is a month earlier than the original deadline proposed by the parties.
Ripple Vs SEC: Battle Over SEC Emails Rages
The tussle over SEC emails has continued in recent updates to the Ripple Vs SEC lawsuit, with another filing due this Friday, April 15. The SEC’s motion to renew and redact the speech documents’ assertion of attorney-client privilege is due today.
The SEC had previously informed that court that it would file new privilege assertions in a last-ditch effort to prevent the production of emails related to William Hinman, the former director of the SEC’s Division of Corporate Finance, infamous speech.
The SEC filed a lawsuit against Ripple in December 2020. One of the largest crypto companies has been accused of selling unregistered securities in the form of the XRP token, according to the regulatory watchdog.
According to Coinscreed, CEO Brad Garlinghouse stated recently that the lawsuit was “going well.” He also pointed out that the company was operating as if it had already lost money, given that 95 percent of its operations are based outside of the United States.
