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Ripple Lawsuit: New Dates Set in Motion, Here Are Key Changes

Fri, 11/04/2022 - 11:16
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Tomiwabold Olajide
New dates have been set in motion
Ripple Lawsuit: New Dates Set in Motion, Here Are Key Changes
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In the ongoing Ripple lawsuit, James K. Filan shares that new dates have been set in motion. This comes as the SEC requests that the court modify the timelines for filing reply briefs to the parties' motions for summary judgment and to seal.

The SEC noted that this was the first request to extend these dates, and Ripple agreed.

In September, the SEC and Ripple both filed motions for summary judgment, asking District Judge Analisa Torres to make a ruling based on the arguments filed in accompanying documents. Moving forward, both Ripple and the SEC have filed their memorandums of law in opposition to the summary judgment briefings.

Ripple v. SEC: James K. Filan Discusses Lawsuit's Next Steps

The replies to the summary judgment motions were expected to come in by Nov. 15, according to an earlier timeline of events in the case, by which time all briefings will be completed and Judge Torres's final decision will be expected.

Here are proposed changes

According to the document shared alongside James K. Filan's tweet, the SEC says it takes no position on whether six of the pending applications should file amici curiae briefs in support of Ripple.

It, therefore, requests that in light of the pending motions and the amicus briefs already filed, the date for the parties to file their sealed reply briefs be extended from Nov. 15 to Nov. 30, and the page limit for the reply briefs be modified from 45 to 55 pages, in which responses to amicus  briefs are contained in the reply briefs.

Likewise, it requests that the date for the parties to meet and confer to identify redactions to the reply briefs be moved from Nov. 17 to Dec. 2.

Other new dates include: the date to file public redacted reply briefs will be extended from Nov. 21 to Dec. 5. The date to file omnibus motions to seal all proposed redactions to all summary judgment materials will be shifted from Dec. 9 to Dec. 22, and lastly, the date to file oppositions to seal will be moved from Dec. 22 to Jan. 9, 2023.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.