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- Ripple has requested a one-week extension of the deadline for remedies-related discovery in its case towards the SEC.
- Ripple requested the Choose to shift the deadline from February 12 to February 20.
- The agency cited delays in resolving post-complaint disputes for demanding an extension.
Ripple has requested a one-week extension of the deadline for remedies-related discovery in its case towards the U.S. Securities and Alternate Fee (SEC). On February 6, by means of its lawyer, Ripple utilized to the choose for the deadline to be prolonged from February 12 to February 20, 2024.
Ripple cited delays in resolving the dispute over the relevance of the post-complaint discovery requested by the SEC as the rationale for demanding an extension. Based on Ripple, the Courtroom dominated in favor of the SEC on February 5, one week earlier than the shut of discovery.
Moreover, Ripple highlighted that the remaining timeframe wouldn’t be ample to assemble the requested info. It famous that the invention request covers paperwork spanning a complete post-complaint interval. Based on the filed extension request, an extra eight days could be ample for Ripple to gather and produce the requested discovery.
Ripple’s lawyer famous that the extension request aligns with the litigation procedures within the ongoing case. Based on the submitting, Ripple and the SEC collectively proposed to provide a treatments discovery on November 9, 2023, permitting 90 days for submission. Nevertheless, Ripple reserved the best to oppose the invention and search a deadline extension if denied.
The lawyer requested the Courtroom to contemplate, amongst different components, that Ripple has diligently tried to fulfill the present deadlines. The applying defined that Ripple well timed served its responses to the SEC’s discovery requests. It famous that the events promptly met and conferred to aim to resolve the dispute, together with over the December vacation week.
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