In a court filing on May 13, 2024, Ripple Labs has formally requested the United States District Court for the Southern District of New York to seal various documents that were submitted in connection with the SEC’s Motion for Judgment and Remedies. These documents, collectively referred to as the “Remedies Materials,” contain sensitive financial data, […]
The Securities and Exchange Commission (SEC) has submitted its remedies reply brief in its ongoing legal battle with Ripple Labs, accompanied by supporting exhibits. This filing marks a pivotal moment in the litigation as it is the final brief before Judge Torres will make her remedies ruling. SEC Files Final Brief As Decision Day Looms For […]
Fox Business Senior Correspondent Charles Gasparino has raised the possibility that the favorable ruling received by Ripple from Judge Analisa Torres against the US Securities and Exchange Commission (SEC) might not withstand higher judicial review. This speculation comes in the wake of a divergent decision in the Coinbase vs. SEC lawsuit, where the SEC secured […]
In the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC), speculation regarding a potential settlement has been met with skepticism and outright dismissal by several legal authorities closely monitoring the case. This development follows a recent court ruling mandating Ripple to furnish comprehensive financial records related to its institutional sales […]