Recent outcomes in the XRP lawsuit involving Ripple and the U.S. SEC, indicate that the conclusion of the longstanding legal tussle is around the corner. While members of the XRP community are hoping that the Court rules that XRP is not a security, the SEC hopes to win in order to have a precedent to tackle more crypto projects.
In a Wednesday tweet, James K. Filan, a defense lawyer, and former federal prosecutor shared the scheduling updates in the Ripple Labs vs SEC crypto lawsuit.
This update was published shortly after the United States securities agency and the San Francisco-headquartered cross-border payment firm joint request for an extension of time, regarding both parties’ filing of the Daubert Motions and accompanying exhibits on the public docket with redactions consistent with the Court’s sealing ruling was granted.
According to the XRP community lawyer, there are five crucial dates to mark in the lasting Ripple-SEC case, adding that this is the remaining schedule that would perhaps bring the biggest crypto case of the century to a close.
As revealed in the document, today (December 22, 2022) has been mapped out for both the plaintiff and defendants to file Omnibus Motions. According to him, today’s motions involve the sealing of all materials related to the Summary Judgment motions, including briefs, Rule 56.1 statements, counter statements, declarations, and supporting exhibits. “Parties must also file proposed redactions to those materials at that time,” he wrote.
Regarding the Summary Judgment, Filan disclosed that January 4, 2023, has been set aside for unrelated third parties to file their respective motions to seal any Summary Judgment material.
Part of the document read, “any non-parties must file a Motion to Seal any Summary Judgment Materials to the extent the non-party seeks additional or different sealing treatment or redactions than requested by the Parties.”
“If no motion to seal is received by January 4, 2023, the non-party waives their right to object to the Court’s ultimate ruling on the Parties’ motions to seal or redact the Summary Judgment Materials.”
While both parties are to file their oppositions to the Omnibus Motions on January 9, 2023, it is said that both the SEC and Ripple must file the Daubert Motions and accompanying exhibits on the public docket with the necessary reduction on January 13, 2023, as they requested.
Meanwhile, on January 18, 2023, “all parties and non-parties must file oppositions, if any, to the non-party Motions to Seal that were due on January 4, 2023, according to James K. Filan.
#XRPCommunity #SECGov v. #Ripple #XRP Scheduling Update as of December 21, 2022. pic.twitter.com/xnBqxUzSFq
— James K. Filan 🇺🇸🇮🇪 126k (beware of imposters) (@FilanLaw) December 21, 2022
Read Also: Attorney John Deaton Shares Why Ripple Has Not Broadcasted Hinman’s Documents
It is worth noting that motions for summary judgment and motions to exclude expert testimony have been fully briefed while the presiding Judge is yet to issue a ruling on both matters. As earlier reported, District Judge Analisa Torres recently granted Ripple’s request on the Daubert Motions but partly denied the SEC’s motion.
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