Some timelines might come earlier in ongoing Ripple lawsuit

According to James K. Filan, a defense attorney and former federal prosecutor, some timelines in the current Ripple litigation may arrive early. The date on which redacted answers to the summary judgment would be filed is when he thinks the timeline may change.

Ripple v. SEC: Some Timelines May Arrive Sooner, Here’s What to Know

According to the timeline, both parties must submit their responses to the requests for summary judgment by November 30. These replies, which may only be 55 pages long and be filed under seal, would also include responses to the amicus briefs. On December 2, both parties are anticipated to meet and consult to decide which redactions should be made to the reply briefs. According to the initial schedule of events allowed by the court, following this, the redacted version of the reply would be made available to the public on December 5.

James K. Filan suggests that since the opening motions for summary judgment were submitted earlier than the required date of Sept. 19, or Sept. 17, the redacted answers may be submitted sooner.

Similarly, Filan adds that rather than the required Sept. 24 filing date, the set of oppositions to the summary judgment motions was submitted on Sept. 21. He predicts that the redacted responses to the applications for summary judgment could be submitted by Friday, December 2.

The litigation is expected to be resolved quickly, however James K. Filan previously projected that District Judge Torres would make a decision on the expert motions and the petitions for summary judgment at the same time, on or before March 31, 2023. If XRP is viewed as a nonsecurity, Ripple CEO Brad Garlinghouse once said that a settlement would be possible.

If briefings are finished by November, he believes there is a potential the lawsuit may be settled within the following two to three months. While forecasting a resolution in the first half of 2023, he is not completely discounting the potential that it may take longer.

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