In recent updates shared by defense lawyer James K. Filan, Ripple Defendants’ (Brad Garlinghouse and Chris Larsen) Answers have now been filed. The defense lawyer James K. Filan then goes on to share important dates as the case progresses.
He stated: ”Scheduling Update: Now that the Individual Defendants’ Answers have been filed, the SEC’s position on additional discovery is due on April 15, 2022, and the Joint Proposed Scheduling Order is due on April 22, 2022”.
Filan continues ”Also, we’re still waiting for decisions on the SEC’s Motion for Partial Reconsideration, the Defendants’ Motion to Strike the Supplemental Expert Report, the Defendants’ Motion to Compel Turnover of the Estabrook notes, and the decision on the SEC’s proposed redactions”.
In previous updates shared by the defense lawyer, the filing of the Individual Defendants’ answer remains the triggering event. He stated that when the answer is filed, the date the answer is filed starts the two-week clock running for the filing of the SEC position on discovery and the Joint Proposed Scheduling Order.
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.”
Within a week of the filing of the Individual Defendants’ answers, the SEC is expected to inform the court of its position on whether any additional discovery is required. The parties, both the SEC and Ripple, have also been directed to meet and confer as to a briefing schedule for summary judgment motions. The parties shall submit a joint proposed schedule for the court’s approval no later than one week after the SEC’s submission.
Ripple Announces New Release to Support Advanced NFT Functionality
Ripple has announced the release of XRP Ledger version 1.9.0. The release, Version 1.9.0 of rippled, introduces a new amendment to the XRP LEDGER protocol to support non-fungible tokens (NFTs) natively on the XRP Ledger (per the XLS-20 draft standard).
If successfully passed, this might permit advanced NFT functionality as developers can now create applications that allow users to mint, transfer and ultimately burn (if desired) NFTs on the XRP Ledger.
