Ripple Hires 2 New Lawyers; How This Will Effect SEC Lawsuit?
Amid the ongoing legal tussle between Ripple and U.S. Securities and Exchange Commission (SEC), the blockchain firm has hired two new Lawyers on its team.
Ripple files motion for admission
Attorney James Filan in a tweet informed that two new advocates from the Kellogg Hansen have filed the motion in the court to represent Ripple.
Clayton Masterman and Kylie Kim will be representing the blockchain firm in the long running crucial lawsuit against the SEC. This is a huge move in order to strengthen its legal team. However, the new addition to the team signals that legal proceedings might get stretched out ahead.
Will this affect Summary Judgement?
Involved in the Ripple case, attorney Jeremy Hogan mentioned that this addition is just some extra research power before going into the summary judgment motions.
Earlier, it was reported that the lawsuit is set to get stretched into 2023 after the proposed schedule for summary judgment came out. Both the parties agreed to initiate the opening brief from August 2, 2022.
However, the final briefs will be due by December 20, 2022. Meanwhile, Ripple Lab’s general counsel has stated that the final decision over the case might come in 2023.
Attorney Hogan also highlighted that Judge Netburn might give her ruling on the Hinman emails this week. The motions to strike expert witnesses are also getting due next week Tuesday. He added that he looking forward to the defendant’s motion to strike the expert report of Mr. Doody.
Robert Cohen, ex Cyber Unit Chief of SEC said that this lawsuit will be the key to upcoming issues. However, if the commission losses the case against Ripple then it will file a motion for reconsideration. Meanwhile, Brad Garlinghouse in an interview stated that the blockchain firm would leave the U.S if they lose the case.
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