Ripple and SEC Make Joint Demand Against Third Parties, As Both Do Not Want Further Delays

Ripple and SEC Make Joint Demand for All Third-Parties Sealing Motions to the Summary Judgment Filings.

The parties do not want to be dragged back by third parties and have jointly made demands.

In a recently filed joint letter, Ripple and the Securities and Exchange Commission have requested that all third parties motions to seal portions of the parties’ summary judgment motion should be in accordance with the court’s September 12, 2022 order. 

“The parties respectfully submit this joint application to request that any motions by third parties to seal portions of the parties’ summary judgment filings be subject to the court’s September 12, 2022 order,” the parties stated in the letter. 

Based on the request, the parties want all sealing motions to the summary judgment filings made by third parties to be due by December 9, 2022. Additionally, oppositions to these sealing motions are expected to be filed no later than December 22, 2022. 

2/2 Specifically, this means that (1) any motions to seal by third-parties would be due by December 9, 2022, and (2) any oppositions to those motions would be due by December 22, 2022.

— James K. Filan ???? 113k (beware of imposters) (@FilanLaw) September 19, 2022

It is worth noting that the parties may not want to be dragged back by third parties and request that all sealing motions to the summary judgment filings by third parties should be subject to the court’s previous order. 

Ripple and SEC Joint Sealing Calendar 

Recall that both Ripple and the SEC had previously published a joint calendar last week to govern all sealing motions for the summary judgment motions. 

The proposal was granted by Judge Analisa Torres, thus implying that all sealing motions for summary judgment must follow the court-approved calendar. 

As reported by TheCryptoBasic, the parties filed their summary judgment motions, memorandum of law, and other documents, on September 13, 2022. 

Following the filings, two unidentified third parties requested for limited redaction to the parties’ summary judgment motions. They claimed that the proposed redactions are to protect the privacy interests of their companies and employees.  

In a similar development, both Ripple and the SEC met and conferred two days after the summary judgment motions were filed to identify necessary redactions. The parties publicly filed their summary judgment motions over the weekend, thus indicating that the nearly two-year legal battle would still be coming to an end.