U.S. Lawyer Reveals the Date SEC and Ripple Will Publicly File Motions for Summary Judgment

The SEC vs. Ripple lawsuit has entered a crucial stage as the parties file motions for summary judgment.

The lawsuit between the Securities and Exchange Commission (SEC) and Ripple has entered into the summary judgment phases, as the parties have started filing motions for summary judgment. According to defense lawyer James K. Filan, the parties filed their motions for summary judgment yesterday. 

Leading blockchain company Ripple and Individual Defendants – Chris Larsen and Brad Garlinghouse – filed not only motions for summary judgment but also filed a memorandum of law in support of the summary judgment. 

Per Filan, the Silicon Valley tech company also filed a Rule 56.1 statement, 106 exhibits, and a declaration of a statement made by Michael K. Kellogg, the prominent American author. 

#XRPCommunity #SECGov v. #Ripple #XRP 1/2 The Ripple Defendants have filed, UNDER SEAL, their Motion for Summary Judgment, the Memorandum of Law in Support of the Motion for Summary Judgment, the Rule 56.1 Statement, a Declaration of Michael K. Kellogg, and 106 Exhibits. pic.twitter.com/1WVLRpzYZe

— James K. Filan ???? 112k (beware of imposters) (@FilanLaw) September 13, 2022

SEC’s Summary Judgment Motion

In a similar development, the Securities and Exchange Commission has also filed its motion for summary judgment against Ripple and Individual Defendants under seal. The SEC also filed a sealed copy of the declaration attributed to Daphna A. Waxman, a senior legal rep of the SEC’s Enforcement Division’s Cyber unit. Additionally, the SEC filed under seal approximately 400 exhibits as counted by attorney Filan. 

The prominent U.S. defense lawyer said the SEC also filed a memorandum of law supporting the summary judgment and Rule 56.1 statement, alongside declarations from Jorge G. Tenreiro and Ladan F. Stewart. 

The SEC has since filed its Memorandum in Support of its Motion for Summary Judgment, Declarations from Jorge G. Tenreiro and Ladan F. Stewart, a Rule 56.1 Statement as well as hundreds of additional exhibits. Screen shots of the filings are below. pic.twitter.com/OlTz6hqV6f

— James K. Filan ???? 112k (beware of imposters) (@FilanLaw) September 14, 2022

Parties to Publicly File Summary Judgment Motions Next Week 

Notably, all these motions were filed yesterday under seal, pending when the parties would meet and confer to identify the necessary redactions that will be made. Following the recently approved briefing schedule to govern all sealing issues concerning summary judgment, the parties are expected to confer tomorrow to identify the necessary redactions to the recent briefs filed.

After the parties have made the redactions, redacted versions of the briefs for summary judgment will be made available to the public on September 19, 2022.

“On Monday, September 19, 2022, the parties will file public, redacted versions of the briefs in support of the summary judgment motions, making only those provisional redactions requested by the parties,” attorney Filan said. 

Meanwhile, attorney Jeremy Hogan, a partner at Hogan and Hogan law firm, recently noted that he eagerly anticipates September 19, 2022. He said the date would be remarkable as XRP holders will get to see several hidden details about the lawsuit.

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