The most disputed lawsuit of the U.S Securities and Exchange Commission (SEC) and Ripple appears to end sooner than the expected time.
A judge for the United States District Court for the Southern District of New York, Analisa Torres, has taken the Summary judgment letter for review which was filed by Ripple & SEC on April 22, 2022.
Late in March, the court had ordered both the parties to agree for filing summary judgment motions and they finally did it on April 22.
Judge Reduces Summary Judgment Dates By 5 Weeks
After reviewing the letter submitted by SEC & Ripple, Judge Analisa Torres has now ordered that the proposal to exclude expert testimony must be explained by the end of August.
Hence, by July 12, 2022, both the parties need to file the motion if they don’t want to include expert testimony and by August 9, 2022, the filing of their opposition with other defendants must be completed. Also, the court said that any replies in relation to the filings should end by August 30, 2022.
These were not the earlier dates as previously it was decided that any motion to exclude expert testimony should be filed by August 2 and filing of any other opposition should end by December 30. Hence, this cut down of the time for filings by the judge brings hope for the lawsuit to end soon.
As per the court’s order, any filings that relate to excluding expert testimony should not exceed 15 pages. Another thing that needs to be looked at is the scheduled date to submit the summary judgment filings is by September 13, 2022. The SEC & Ripple can write down their opposition by October 18 and the motion has to end by November 15, 2022.
Moving further, the judge has made it compulsory that if the defendants want to submit their statement separately then the statement should not exceed by 30 pages but the joint motion can be upto 75 pages.