According to Attorney Jeremy Hogan, the next couple of months might be exciting for Ripple in the ongoing legal tussle with the United States Securities and Exchange Commission (SEC), considering the major rulings that are being teed up.
Hogan stated this as one major takeaway from the recent order issued by Judge Torres in the ongoing case when reacting to a tweet shared by the Cryptolaw founder, John Deaton.
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Jeremy Hogan tweeted, “There’s only one major takeaway from this Order on the Ripple v. SEC case: Judge TORRES is getting ready to take over. The next couple months will be very interesting with all the major rulings that are being teed up!”
In a thread of tweets on 3rd February, Crypto law founder John Deaton explained the recent rulings and what it means for Ripple, the San Francisco-based cross-border payment firm.
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Defense counsel James K.Filan had earlier notified the XRP community of the latest ruling in which Judge Torres ordered three documents unsealed, related to the emails and legal memos of the two top executives at Ripple, Chris Larsen, and Brad Garlinghouse.
James K Filan tweeted, “#XRPCommunity #SECGov v #Ripple #XRP In today’s Ruling, Judge Torres ordered 3 documents unsealed now: 172-1, the Notice of Brad Garlinghouse’s Deposition in the SEC formal investigation, 179-4, a Chris Larsen Email String, and 179-5, a Brad Garlinghouse Email.”
The recent ruling also partly granted and denied motions by Ripple defendants to seal some exhibits of previous motions.
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Judge Torres will unseal an email to Larsen and legal memos to Ripple, finding the justification for sealing “unjustified,” but would grant redactions to Garlinghouse in three documents to preserve “potentially sensitive information” and the public release of some documents filed by both parties.
Finally, Torres will provide Ripple the opportunity to respond to the SEC’s recent motion to strike the fair notice defense.
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