Coin News

Ripple Lawsuit: US Lawyer Makes Striking Prediction on Case Resolution

5 Nov, 20222 min readAnalytics
Ripple Lawsuit: US Lawyer Makes Striking Prediction on Case Resolution

Jeremy Hogan, a U.S. lawyer and partner at Hogan & Hogan, is siding with James K. Filan's prediction of when Judge Torres might decide on the expert motions and likewise summary judgment, as he tweeted, "And there you have it. March 31, 2023."

And there you have it. March 31, 2023. — Jeremy Hogan (@attorneyjeremy1) November 4, 2022

James K. Filan, while sharing updated scheduling of events in the Ripple lawsuit, stated that despite the slight shift in events, he continues to stick to his prediction that District Judge Torres would decide both the expert motions and the summary judgment motions simultaneously, on or before March 31, 2023.

#XRPCommunity #SECGov v. #Ripple #XRP Scheduling Update as of November 4, 2022, with dates specific to the Motions for Summary Judgment (corrected). — James K. Filan 🇺🇸🇮🇪 125k (beware of imposters) (@FilanLaw) November 4, 2022

Taken from now, this means a likely resolution of the case within the next four months, which is a highly optimistic prediction.

As reported by U.Today, Ripple CEO Brad Garlinghouse informed attendees at the DC Fintech Week conference that the SEC lawsuit against Ripple would be resolved in the first half of 2023. According to Garlinghouse, there is a chance that the lawsuit may be settled in the next three to four months. He does not, however, rule out the possibility that it could take longer.

Garlinghouse added that Ripple could consider settling with the SEC, but he emphasized that XRP must first be recognized as a non-security.

Summary judgment to be fully briefed by end of November

In September, the SEC and Ripple both filed motions for summary judgment, asking District Judge Analisa Torres to make a ruling based on the arguments filed in accompanying documents. Moving forward, both Ripple and the SEC have filed their opposition briefs to each other's motion for summary judgment.

The replies to the summary judgment motions were expected to come in by Nov. 15, according to an earlier timeline of events in the case, but have been moved to Nov. 30, by which all briefings are expected to be completed and Judge Torres' final decision will be expected.

Source

Subscribe to get our top stories

Coin News
App StoreApp Store