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- SEC requests a one-week extension for submitting briefs within the Ripple lawsuit attributable to discovery decision.
- The proposed extension will shift deadlines for opening, opposition, and reply briefs within the lawsuit.
- Ripple Labs reportedly consents to the extension request however the court docket is but to rule on SEC’s proposal.
In line with former US federal prosecutor James Okay. Filan, the SEC has requested Choose Analisa Torres of the Southern District of New York to maneuver the deadline for its opening temporary from March thirteenth to March twenty second, 2024, prolong the deadline for Ripple‘s opposition temporary from April twelfth to April twenty second, 2024, and push again the deadline for its reply temporary from April twenty ninth to Might sixth, 2024.
The SEC has requested a one-week extension for every deadline associated to submitting briefs on “remedial measures” in its ongoing lawsuit in opposition to Ripple Labs, Inc.. This comes after a dispute between the events relating to the scope of discovery was lately resolved, impacting the timeline for finishing these briefs.
The SEC argues that this extension is critical attributable to “good trigger” underneath Federal Rule of Civil Process 16(b)(4). They declare the current decision of the invention dispute impacted their potential and timeline to organize the briefs on schedule. Ripple Labs has reportedly consented to this extension request.
The court docket has not but dominated on the SEC’s request. If granted, this may shift the timeline for submitting briefs associated to potential treatments within the case. The lawsuit itself is scheduled for a jury trial starting on April twenty third, 2024.
John Deaton XRP advocate and lawyer, has been vocal about his dissatisfaction with the Securities and Trade Fee’s (SEC) insurance policies. In a current put up, Deaton acknowledged that he believes the SEC just isn’t “silly,” however merely lacks integrity. His feedback have garnered consideration and sparked additional dialogue on the matter.
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