Ripple Labs Inc. The ongoing litigation between the U.S. Securities and Exchange Commission (SEC) and the U.S. Securities and Exchange Commission (SEC) has been revived with revised deadlines for settlement briefings.
James K. Filan, one of the lawyers of the case, stated the updated calendar in his statement to X. summarized. So, the SEC’s opening brief will be filed on March 22, Ripple’s objection brief will be filed on April 22, and the SEC’s response brief will be filed on May 6.
In February, Ripple requested a one-week extension for exploration on solutions and moved the deadline from February 12 to February 20. The request comes after a dispute over the appropriateness of post-complaint discovery was resolved in the SEC’s favor by Judge Sarah Netburn, leaving Ripple with a narrow one-week window to produce a significant amount of documents. The extension of time was accepted by the court.
On February 7, Magistrate Sarah Netburn granted a letter request for an extension of time.
Following this, on February 27, 2024, the SEC, through Jorge G. Tenreiro, filed a petition with Judge Analisa Torres, requesting an extension of time to file a brief on remedies.
The regulator was seeking a total extension of one week for such briefing to be completed. This request was intended to accommodate the time required to review newly produced documentation and complete the briefing on solutions, following the extension granted to Ripple for discovery.
The SEC’s request for an extension was granted in early March.
