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Ripple-SEC Case: SEC’s Request for Deadline Extension Granted. What’s next? Details


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According to the latest report, a United States Federal High Court has granted the request of the U.S. Securities and Exchange Commission (SEC) to extend the 23rd March 2022 deadline for parties to establish a discovery schedule for the individual defendants.

The new development from the court was shared on Twitter a few hours ago by James K. Filan, a defense lawyer and former federal prosecutor.

James K. Filan tweeted, “The SEC's request for an extension of time was GRANTED in a Text Only Order. It stated: “The SEC shall inform the Court of its position on whether any additional discovery is required within a week of the filing of the Individual Defendants answers.

“The parties are 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.”


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