The ongoing legal battle between Ripple Labs Inc. and the Securities and Exchange Commission (SEC) has entered a new phase with revised deadlines for reporting solutions.
The ongoing legal battle between Ripple Labs Inc. and the Securities and Exchange Commission (SEC) has entered a new phase with revised deadlines for reporting solutions.
James K. Filan, an attorney covering the legal battle, led to to outline the updated timeline: the SEC’s opening brief is scheduled for March 22, Ripple’s opposition brief is due on April 22, and the SEC’s response brief is expected on May 6.
In February, ripple sought a one-week extension for solution-related discovery, moving the deadline from February 12 to February 20. This request came after Judge Sarah Netburn ruled in favor of the SEC a dispute over the relevance of post-complaint discovery, leaving Ripple with a tight deadline of one week to produce a substantial volume of documents. The extension was granted.
On February 7, Judge Sarah Netburn granted a letter of motion requesting an extension.
Subsequently, on February 27, 2024, the SEC, through Jorge G. Tenreiro, presented a letter of motion to Judge Analisa Torres requesting a new extension to present a brief related to reparations.
The regulator was searching a total extension of one week for the completion of said information session. This request was intended to accommodate the time needed to review newly produced documents and finalize the briefing related to solutions, following the extension granted to Ripple for discovery.
The SEC’s motion for an extension of the deadline was granted in early March.
