XRP Lawsuit: Ripple Executives Might Escape Trials But Fair Notice Cannot

XRP Lawsuit News: Defendants Ripple labs Inc, Brad Garlinghouse, and Chris Larsen submitted their notice of supplemental authority which they claim is relevant to their opposition to the US SEC’s Motion for Summary Judgement. The new filling in the long running legal tussle is one of the last attempts utilized by defendants to avert the trials.

Ripple Exec Holds Upper Hand In XRP Lawsuit

Attorney John Deaton, Amicus Curiae in the XRP lawsuit mentioning the latest fillings stated he hopes that Judge Torres was already aware of Judge Wiles’s rulings in the U.S. Bankruptcy Court related to the Voyager. Ripple and the defendants are offering a ruling in further support of its fair notice defense. Coincidently, Ripple and Voyager’s case is filed in the same district.

As per the XRP Lawyer, if Judge Torres is still working on the draft for summary judgment and she criticizes the commission’s approach toward digital assets then she can use the Voyager verdict. This will add to her corroborative evidence for criticism.

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However, he added that according to his prediction, the Court will give a ruling in the Ripple executives’ favor. The judge will rule that no reasonable jury could end up saying that the defendant was reckless in not knowing that XRP was a security when the SEC itself doesn’t. Read More XRP Lawsuit News Here…

XRP Lawyer further claimed that the court can grant the Two executives Summary Judgment but somehow jury might decide fair notice. However, he believes that this can happen when the judge concludes that there is no reasonable jury that could find out against Ripple.

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