Attorney John Deaton speculates a new end date for the Ripple lawsuit using Judge Torres’ historical cases.
As the cryptocurrency community anticipates the summary judgment decision in the SEC vs. Ripple case, pro-XRP lawyer John Deaton has made fresh speculation regarding when the ruling might come.
Ripple: Waiting on a Decision https://t.co/ty0LG3AASV
— CryptoLaw (@CryptoLawUS) June 27, 2023
In a CryptoLaw broadcast yesterday, attorney Deaton speculated that Judge Analisa Torres might issue the ruling on Sept. 6, 2023. According to Deaton, Judge Torres historically issues her decisions on summary judgment within a few months of her rulings on the Daubert/Expert motions.
As evidenced in Judge Torres’ previous cases, there was a scenario where she released her summary judgment decision on the same day as her Daubert ruling.
Furthermore, Deaton said there were also times after Judge Torres ruled on the Daubert motions; it took about two to six months before she released the summary judgment.
Using the six months timeframe and Judge Torres’ ruling on the Daubert motion in the Ripple lawsuit on March 6, Deaton speculated that the summary judgment might come on Sept. 6.
“There was a case that she decided, where her summary judgment decision came six months after her Daubert decision. So six months from her Daubert decision, if it were on March 6, would be September 6,” attorney Deaton remarked.
Notably, Deaton said his comment on the possible ruling timeline dispels the rumor that the SEC vs. Ripple case is taking longer than every other case she has presided over.
Deaton Explains Possible Reason Behind the Ruling Delay
It is worth noting that XRP community members have expressed frustrations over the judge’s delay in releasing the summary judgment.
Commenting on the development, attorney Deaton noted that Judge Torres might delay the ruling because she understands the significance of the SEC vs. Ripple lawsuit.
According to Deaton, Judge Torres understands that the Ripple lawsuit is one of great magnitude. Attorney Deaton added that Judge Torres knows thousands of people, including Appellate Courts, will look at her summary judgment decision in the Ripple case.
Furthermore, Judge Torres has 500 open cases to decide on; Deaton said, “How many cases does Judge Torres have, well, I checked this morning, and she has over 500 open cases, and 44 of those cases are criminal cases.”
Furthermore, Deaton said that Torres has to go through hundreds and thousands of pages from Ripple and SEC filings.
“…Ripple filed a summary judgment motion. SEC filed a summary judgment motion, so each side filed a ceremony judgment motion. Then each side objects to the other side’s summary judgment motion, and then each side gets a reply to the other side’s objection to each side’s summary judgment motion. See how complex this can get now you have summary judge a motion for Brad Garland house and Chris Larson so many judgments on behalf of the SEC and so many judgments on behalf of Ripple, so each one of those briefs is over 50 pages, so you’re talking about hundreds and hundreds of pages of just the arguments that need to be gone through.”
Meanwhile, Deaton had predicted a possible end date for the lawsuit. As reported by the Crypto Basic, Deaton predicted earlier this year that Judge Torres might issue the summary judgment decision on or before May 6. However, things did not go as he predicted, as the judge has yet to rule.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
