Attorney Filan says the parties have 21 days from yesterday’s ruling to file public, redacted versions of Summary Judgment documents.
James K. Filan, a former federal prosecutor, has shared an update on the timing regarding when XRP enthusiasts will see the documents the court recently ordered to be unsealed in the SEC vs. Ripple lawsuit.
According to Filan, the parties have until June 6, 2023, to publicly file the redacted versions of summary judgment documents. The parties are required to adhere to the court’s September 12, 2022 order, which mandates them to file the summary judgment documents in the public docket 21 days after the court decides their sealing requests.
The seasoned lawyer, who has closely followed the SEC vs. Ripple lawsuit, noted that June 6, 2023, is precisely 21 days from yesterday’s ruling on the parties’ sealing requests.
#XRPCommunity #SECGov v. #Ripple #XRP Update on timing regarding when we should see the documents ordered unsealed. According to the Court’s 9/12/2022 Order, the parties have 21 days to file public, redacted versions of Summary Judgment documents consistent with the sealing… pic.twitter.com/doV5fUxDG5
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 17, 2023
XRP Enthusiasts Express Gratitude to Filan
As expected, Filan’s tweet prompted reactions from XRP community members. Prominent XRP enthusiast Ashley Prosper thanked Filan for clearing up the confusion.
Per Prosper, the parties may not want certain information unsealed by the Judge to be available in the public space, which could eventually lead to a possible settlement.
“In that case, an agreement between now and June 6 is what I’d be looking out for,” Prosper said.
His only concern is that any agreement between SEC and Ripple might negatively affect the entire crypto industry as the securities regulator continues its adverse enforcement actions against cryptos.
Commenting on the update, Attorney Hogan said on June 6th Hinaman emails can be made public:
When will we see the Hinman emails?
Filan has got the answer:
I ❤️ him. https://t.co/fvbHhgOae9
— Jeremy Hogan (@attorneyjeremy1) May 17, 2023
Judge Torres Denies SEC’s Request to Seal Hinman’s Docs
As reported earlier, Judge Analisa Torres finally issued her decision on the parties’ requests to seal summary judgment documents. Both Ripple and the SEC saw their requests granted and denied in part.
However, the hallmark of yesterday’s decision was the denial of SEC’s request to seal internal deliberations related to the controversial speech by William Hinman, former director of SEC’s Corporation Finance.
Judge Torres noted that the drafts of Hinman’s controversial speech are judicial documents subject to a strong presumption of public access.
Based on the decision, Ripple CEO Brad Garlinghouse said the company is working on releasing the unredacted version of Hinman’s documents.
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