Legal expert Jeremy Hogan: Lawsuit between SEC and Ripple could last until 2022

Legal expert and Ripple proponent Jeremy Hogan hints at the end of the legal battle between the San Francisco-based payment company and the US Securities and Exchange Commission.

Jeremy Hogan – Legal Expert

In one Video New, Hogan said there is likely to be an agreement between Ripple and the SEC after the discovery phase, which is the pre-trial phase of a lawsuit in which both parties present relevant information and evidence.

Hogan estimates when the discovery phase could end and when an agreement could be reached between Ripple and the SEC.

“There will be no agreement until the discovery phase is complete. Can it be solved beforehand? Oh, I don’t think it’s gonna happen So any agreement is possible at least after the end of the discovery, and now in early September and even more likely after October 16. And if it’s not a settled decision, then I believe Judge Torres will settle two main issues in a summary judgment.

At a glance at the summary judgment rule, you can see that summary judgment requests must be submitted within 30 days of the discovery completion date. This leaves the competing parties to make a summary judgment no later than 30 days after all discoveries have been made, and that is November 16. “

If the case remains unsolved, Hogan expects a number of responses to the motion for summary judgments extending the case beyond November into 2022.

“I don’t see the case decided by summary judgment until early 2022, possibly January.”

Lawyers say the SEC may be in no hurry to close the case, pointing out that the top regulator has just received approval for a two-month extension of the investigation.

“I see no reason for the SEC to rush this case. The more time goes by, the better the SEC’s settlement position, because the longer Ripple is, the more it loses. I see it in my company every day because most of my clients are against the big insurance companies and nothing they like more than killing my clients over time. It’s a very common tactic. “

Last week, Ripple saw a minor victory in its battle with the SEC in which Judge Sarah Netburn denied the SEC access to documents related to previous lobbying efforts.

Annie

According to Dailyhodl

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