SEC Pleads for Extension to Respond to Ripple’s Motion to Dismiss Dr. Albert Metz Report.
The United States Securities and Exchange Commission (SEC) has requested a two-day extension, to respond to Ripple’s motion to strike out a supplemental expert rebuttal report from Dr. Albert Metz.
The SEC wrote in a motion filed today addressing Judge Sarah Netburn that it needed time to come up with a perfect reply to the defendants, Ripple Lab.
#XRPCommunity #SECGov v #Ripple #XRP The SEC has filed a Motion for Extension of Time, until March 18, 2022, to respond to Ripple’s Motion to Strike the Supplemental Expert Report. Ripple will then file its Reply to the SEC by March 24, 2022. pic.twitter.com/zAWwIlzck6
— James K. Filan ???? (@FilanLaw) March 14, 2022
“Plaintiff Securities and Exchange Commission (SEC) respectfully submits this motion to request that the court permits the SEC to file a response to defendant’s motion to strike the supplemental expert report of Dr Albert Metz on March 18, 2022,” excerpt of the report read.
Per the motion filed today, after the SEC must have issued a reply to Ripple, the blockchain company is also requested to file a reply on March 24, 2022.
Dr. Metz Report
It is worth noting that Ripple filed a motion over the weekend to dismiss Dr. Metz’s February 28, 2022 report, with the blockchain company saying the report is illegitimate.
Ripple disclosed at the time that the supplementary report violates section 26 of the Federal Rules of Civil Procedure and well-settled decisional law.
Dr. Metz’s report is about an analysis to determine whether specific Ripple announcements affected the price of XRP during the time of the ICO.
Judge Netburn will now decide whether an extension will be granted to the securities agency.
The lawsuit had an interesting twist over the weekend after Judge Analisa Torres denied SEC’s motion to dismiss the Ripple Fair Notice Defense,
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