The SEC and Ripple Labs executives have agreed to expand the case’s timeline and postpone hearings until the end of 2022, implying that the matter would likely drag on well into 2023.
Both parties appeal to expand the case in a letter addressed to Judge Sarah Netburn, who has been presiding over the case. The amended schedule was approved by Judge Netburn.
The defence must file their statements and any motions against expert witnesses by August 2, while oppositions must be filed by November 2 under the amended provisions of the joint letter. In addition, any resistance must be responded to by December 20.
- “Summary judgement motions” By August 2, 2022, Rule 56.1 statements and requests to exclude expert witnesses must be filed.
- By November 2, 2022, all oppositions to summary judgement motions, replies to Rule 56.1 Statements, and responses to applications to exclude testimony must be filed.
- By December 20, 2022, any opposition must be responded to.
The amended schedule comes after the SEC filed an extension to file an objection to Judge Netburn on the Motion for Reconsideration of the DPP Ruling. This is the second time the regulator has requested an extension in the case.
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