Attorney Jeremy Hogan says Ripple believes it might win the SEC case in September or October
Attorney Jeremy Hogan, in recent tweets, talked about his expectations after the discovery in the Ripple-SEC case. Hogan says Ripple thinks the deal could end between August 26 and November 18. He then went on to say that the case could be settled at any time. The pro-XRP lawyer previously predicted September for summary judgment and April/May for the next settlement negotiations.
According to the document posted by the attorney, Ripple requested the rescheduling of the pending class action from the previously agreed date of Aug. 26 to Nov. 18, 2022.
Hogan further explained that Ripple believes it could win the SEC case in September or October, after which the class action lawsuit will be dismissed due to collateral estoppel – a legal term that prevents a party from reviving an issue discussed in a previous lawsuit, even if the issue is related to a separate claim.
”I meant that Ripple agreed to push the California case back to November to allow the SEC case to finish. That means they think the SEC case will be over before November,” he stated.
Cryptolaw Founder Says What Could Happen After Discovery Phase
In response to an XRP user, the founder of Cryptolaw John Deton shares his expectations after the conclusion of expert discovery in the Ripple lawsuit. The discovery phase by litigation experts ended on February 28 after being postponed several times in order to proceed with more depositions.
The XRP user had asked, ”I thought the discovery phase ended last week? Is there more discovery after the FND (Fair Notice defense) ruling?” The Cryptolaw founder then replied, ”There are some Requests for Admissions and maybe interrogatories that get answered only if she denies the motion to strike. Also, if she denies the individual executives’ motion to dismiss they can seek additional discovery.”
As previously reported by U.Today, Ripple CEO Brad Garlinghouse said that Ripple is awaiting court rulings. The court has yet to rule on the SEC’s pending motion to strike Ripple’s fair notice defense. Ripple and the XRP community are also awaiting Judge Sarah Netburn’s next decision on the SEC’s motion for reconsideration, called “the biggest decision” in the case by John Deaton.
U.S. District Judge Analisa Torres is also yet to rule on the twin motions to dismiss the lawsuit filed by the individual defendants (Brad Garlinghouse and Ripple co-founder Chris Larsen). According to John Deaton, Ripple might seek additional discovery if the twin motions to dismiss the lawsuit filed by the individual defendants are denied.
