Ripple vs SEC Lawsuit: Filan Shares Planning Update with 5 Key Days
The latest development in the legal battle between Ripple and the SEC is that both parties have now filed a joint application for an extension of time until January 13 to post the Daubert papers and related exhibits on the public record with redactions that comply with the court’s sealing order of 19 December.
The court granted the company located in San Francisco’s request to amend the documents it had submitted in connection with the Daubert motions, therefore the company was awarded a small victory as a result of this ruling. This is done with the intention of protecting both the legal privacy concerns of third parties and the confidential business interests of Ripple.
The Daubert motion is unique in that it is also used to exclude the testimony of an expert witness who does not meet the criteria for expert status. While this latest development may not guarantee a victory for Ripple or signal the end of the lawsuit, it does indicate a slight increase in optimism.
James K. Filan, a defense attorney and former prosecutor who has actively followed the case and posted developments on his Twitter page, is the one who shared the new update. And there is no doubt that society is grateful for his committed enthusiasm.
5 important dates to watch as the case draws to a close
In his post, James Filan also mentioned five important upcoming dates in the final phase of the case. On Dec. 22, both sides will file omnibus motions to seal documents related to motions in the case. The parties are also required to file redacted versions of the above papers at the same time with the court.
Second, the deadline for parties to ask the court to seal evidence in connection with motions for summary judgment is January 4. According to Filan, these parties have waived their right if they do not do so within the deadline.
The court has set 9 January 2023 as the deadline for both parties to respond to the omnibus motions on 22 December. On January 13, as requested by both parties on Tuesday, the public filing of Daubert Motions to exclude expert testimony will take place.
After that, on January 18, the court will expect all parties to file their responses to the third parties’ motions to seal papers related to the summary judgment.
The bottom line
On this day, two years ago, the SEC filed a complaint against Ripple and its officials, demanding the offering and sale of an unregistered security. The fact that it’s almost over is something I’m sure we’re all excited about. Everyone is crossing their fingers that Ripple wins. As for me, I sincerely believe Ripple will emerge victorious.
