Attorney Jeremy Hogan shares his expectations on the Ripple-SEC case as Ripple defendants’ answers

By Selena On Apr 9, 2022

Attorney Jeremy Hogan shares his expectations on the Ripple-SEC case as the Ripple defendants’ answers are expected on April 8.

Ripple lawsuit: Jeremy Hogan speaks on expectations as Ripple defendants file answers by April 8

Previously, Ripple defendants Brad Garlinghouse and Chris Larsen had applied to extend the time until April 8, 2022, to file responses to the SEC’s First Amended Complaint. This was granted in a text-only command.

In earlier updates shared by defense attorney James K. Filan, the submission of responses by the Individual Defendants remained the triggering event. He stated that when an answer is filed, even before April 8, the date the answer is filed, will start the two-week clock running to submit the SEC’s position on discovery and the Joint Proposed Scheduling Order.

Within a week of the filing of the Individual Defendants’ responses, the SEC is expected to notify the court of its position on whether any further discovery should be made. . The parties, both the SEC and Ripple, have also been instructed to meet and come up with a briefing schedule for summary judgment motions. The parties will submit a joint schedule of proposals for court approval no later than one week after the SEC’s submission.

There’s no way the Defendants will miss the deadline to file Answers. The delay could be in the form of the SEC refusing to agree to reasonable timeframes and then the Judge would have to set the timeframes. At this point I expect the SEC to play that game.

— Jeremy Hogan (@attorneyjeremy1) April 8, 2022

XRP-friendly attorney, Jeremy Hogan, saw no delay in the Ripple defendants submitting their responses. However, he expected the delay in the SEC to stick to the timeframe of additional discovery and motion for the summary ruling.

Explaining the relevance of the date Ripple defendants file their answers, Hogan earlier stated: “Judge Netburn ties the deadlines to how quickly Garlinghouse/Larsen file their answers. The sooner they are filed, the sooner the one-week clock starts. Also, she ordered a Summary Judgment briefing schedule which hadn’t been ordered previously.”

“The parties are supposed to lay out a timeframe for summary judgment briefs to be filed and finalized. Once those briefs are submitted, the case could be decided (in theory) at any time”, he continued.

Judge Sarah Netburn ordered the US Securities and Exchange Commission to submit all its proposed transactions for in-camera review. The SEC is also expected to file by April 8 at the latest.

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