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XRP Lawsuit, Summary Judgment Decision Will Be Released By This Date

  • Attorney James Filan has released the most recent schedule for the summary judgement ruling in the US SEC v. XRP litigation.

  • The protracted XRP case is currently in the Summary Judgment phase. Although this might have an effect on the result, the US SEC was allowed more time to respond to the amicus briefs. The SEC's decision to abandon its allegations about the Hinman speech led to the SEC taking this step.

06 Nov 2022 By: Ashish Sarswat
XRP Lawsuit, Summary

The latest timetable for the summary judgement decision 

In the US SEC v. XRP lawsuit has been disclosed by attorney James Filan.

Currently, the lengthy XRP case is in the Summary Judgment stage. The US SEC was given more time to submit a response to the Amicus Briefs, albeit this could have an impact on the decision. This action was taken as a result of the SEC dropping its claims over the Hinman speech.

Will the XRP lawsuit's ruling be postponed?

The most recent timetable for the summary judgment decision in the XRP litigation has been released by attorney James Filan. He noted that the new deadline for reply briefs is November 30, 2022. Amicus Brief submissions must be received by November 11, 2022.

He emphasized that parties have already submitted their requests for summary judgment. Additionally, the opposing briefs to one another's motions for summary judgment have been sent in. The SEC and defendant have yet to file their responses to the opposition, though.

According to Filan, there may be further Amicus Curiae requests in the XRP dispute. while requests to exclude expert testimony are still under consideration. The summary judgment reply briefs will be initially filed by both parties under seal. The maximum number of pages for these responses is 55.

When will a decision be made in full?

He does, however, anticipate that District Judge Torres will rule on the expert motions and the request for summary judgment simultaneously. The suggested time frame is on or before March 31, 2023.

CoinGabbar previously stated that the SEC requested further time to file responses. While criticising the commission for this action, the Ripple Counsel. He stated that numerous independent voices had submitted amicus briefs in the XRP dispute. While attempting to avoid it, the SEC

The lawyer said that all of the motions to exclude expert testimony had been adequately briefed. However, concerns about expert reports, deposition transcripts, and sealing motions still exist. The summary judgement procedure is anticipated to settle the sealing disputes.