Brad Garlinghouse Expecting Some Court Decisions Soon

AnalysisBrad Garlinghouse Expecting Some Court Decisions Soon



Alex Dovbnya

Ripple CEO Brad Garlinghouse has commented on the progress of the high-profile SEC lawsuit, stating that the court is expected to announce some rulings soon

In a recent interview with Fox Business, Ripple CEO Brad Garlinghouse has shared an update on the ongoing legal battle with the U.S. Securities and Exchange Commission claiming that the court will soon rule on several motions soon: 

The case continues to move forward. We are expecting some decisions from the court, you know, sooner rather than later.  

The expert discovery phase of the litigation came to a close on Monday after months of back-and-forth between Ripple and the SEC. The deadline was originally set for Oct. 12, but it had been postponed multiple times in order to conduct more depositions.

The main thing to watch is the SEC’s pending motion to strike Ripple’s fair notice defense, which was originally filed by the formidable regulator in April. The agency has filed several letters of supplemental authority in support of the motion, which the defense has attempted to downplay as irrelevant to the case.

U.S. District Judge Analisa Torres is also yet to rule on the twin motions to dismiss the lawsuit filed by the individual defendants (Garlinghouse and Ripple co-founder Chris Larsen).

Magistrate Judge Sarah Netburn, who presided over the parties’ discovery disputes, is also set to rule on the SEC’s motion for reconsideration in order to prevent the production of emails related to the infamous Ethereum speech given by former top SEC official Willian Hinman. In a recent tweet, attorney John Deaton predicted that the court denying the motion could expedite the settlement process.



Learn more

Latest news

Frontier Airlines launches all-you-can-fly summer pass for $399

Frontier Airlines is launching a new all-you-can-fly summer pass allowing travelers unlimited flights over the warmer months for an...

Stocks moving in after hours: Meta, Elf, Align

Meta (META)Meta Platforms shares soared after the social media giant announced fourth quarter sales of $32.17 billion which...

Stock spikes after better-than-expected revenue, buyback announcement

Meta (META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue...

Meta Stock Jumps On $40 Billion Buyback| Investor’s Business Daily

Facebook owner Meta Platforms (META) reported fourth-quarter results late Wednesday that beat on revenue as the company struggles...

How Businesses Benefit When Employees Earn College Degrees

Irma Becerra is president of Marymount University, a comprehensive doctoral-granting university known for its innovative curriculum. From climate change...

dYdX (DYDX) up 15% as Trading Volume Doubles, Here’s Why

Decentralized exchange platform dYdX (DYDX) is seeing a major price rejuvenation today as it is up 15.23% at the...

Must read

Frontier Airlines launches all-you-can-fly summer pass for $399

Frontier Airlines is launching a new all-you-can-fly summer pass...

Stocks moving in after hours: Meta, Elf, Align

Meta (META)Meta Platforms shares soared after the social...

Stock spikes after better-than-expected revenue, buyback announcement

Meta (META) reported its Q4 2022 earnings today...

You might also likeRELATED
Recommended to you