XRP Lawsuit: US Appeals Court Announces Schedule for Ripple Case
Highlights
- US court of appeals reveals further dates for the long running XRP lawsuit.
- Answering Brief by Ripple Labs and Brad Garlinghouse are due in April.
- US court earlier ruled in favor of Ripple and XRP.
A US court of appeals has announced further dates for the XRP lawsuit, as per the latest notice of appeal filed in the district court. Notably, the opening brief will be filed on March 6 next year, whereas and Ripple Labs, XRP II and CEO Brad Garlinghouse will file their reply to the appellant’s principal brief by April 7, 2025.
Meanwhile, the US Securities and Exchange Commission is preparing to file its principal brief before Chair Gary Gensler steps down as SEC Chair. XRP army believes Gensler may leave behind major headwinds for Ripple with his exit.
US Appeals Court Release Dates for Ripple XRP Lawsuit
The United States Court of Appeals for the Ninth Circuit confirmed receiving notice of appeal and assigned a docket number for the Ripple lawsuit. The appeals court asked parties that any motions seeking relief from this court must be separately filed.
Similar to the US SEC appeals filing, the plaintiff must file a Disclosure Statement within 14 days of this notice. The failure to file the required documents in the appeals court will dismiss the appeal in XRP lawsuit.
As per the scheduled order, plaintiff Bradley Sostack needs to file Mediation Questionnaire by December 23. Appeal Transcript Order and Appeal Transcript are scheduled for December 31 and January 30.
The plaintiff will submit an opening brief on March 6, setting the stage for the appeals against Ripple and CEO Brad Garlinghouse. Appeal Answering Brief by Ripple Labs, XRP II and Garlinghouse are due by April 7.
“If there were reported hearings, the parties shall designate and, if necessary, cross-designate the transcripts pursuant to 9th Cir. R. 10-3. If there were no reported hearings, the transcript deadlines do not apply,” as per the court.
District Court Ruled in Favor of Ripple
CoinGape earlier reported, lead plaintiff Bradley Sostack appealed against recent judgments in favor of Ripple Labs, XRP II and CEO Brad Garlinghouse.
Judge Phyllis Hamilton granted the motion to amend the order pertaining to judgment and stay in the XRP lawsuit. Both parties submitted a proposed order to the court, agreeing that there was no reason to delay judgment as class claims were resolved.
Meanwhile, Ripple vs SEC lawsuit in the Second Circuit Appeals Court is in focus. Ripple executives and the crypto community are confident about the dismissal or withdrawal of the lawsuit. However, some have raised concerns about Gary Gensler creating problems as he steps down on January 20, five days after the principal brief deadline.
The crypto community is urging the upcoming Donald Trump administration to end irrational lawsuits against crypto firms. Ripple CEO Garlinghouse and CLO Stuart Alderoty have also called the administration to restore trust in the SEC.
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