What Happens After a Summary Judgment Is Approved in the XRP Lawsuit?

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Last Updated on September 17, 2022 by Bitfinsider

The long-awaited summary judgment phase of the U.S. Securities and Exchange Commission (SEC) v. Ripple, XRP litigation has begun. Recently, motions addressing the proceedings were submitted by both sides.

Attorney James Filan informed the public of what to expect from the upcoming court filing in the XRP case on Monday, September 19, 2022, before the crucial proceedings got underway.

Source: Twitter

The combined schedule plan was filed by the SEC and Ripple defendants. District Judge Torres later gave the proposition his blessing. Regarding which papers will be made available to the public in the XRP case, the filed plan appears to be fairly clear. It does, however, also include the precise day of its unveiling.

According to attorney Filan, the redacted version of the submitted papers will be made available on September 19, 2022. The XRP case’s declarations and exhibits won’t be available to the public.

He emphasized that the Omnibus briefing decision is still pending and that these materials will eventually arrive after that. This has to do with the sealing that is discussed at the conclusion of the approved timetable.

Timeline for Summary Judgement Affected by Sealing Motion

The lawyer warned that the submitted briefs would be extensive. However, the declarations and exhibits will be cited and referenced in this. The actual documents won’t be made public, though, until the Omnibus briefing regarding sealings in the XRP case has been decided.

In the meantime, Filan made the speculative suggestion that it’s likely that the court will rule on the ongoing Daubert sealing request. That directly covers the concerns with Summary Judgement sealing, he continued. The expert says that this will undoubtedly have an impact on the schedule. The estimated deadline was also dropped by the attorney on Twitter.

Source: Twitter

The commission’s declaration of Third Party B in the XRP Case is subject to redactions, according to a motion to seal filed by Third Party B. It is an annex to the motion for the proposed judgment made by the SEC.

It was claimed that district judges in the Second Circuit use a three-part process to decide whether to put the memos under seal.

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