Attorney Jeremy Hogan is optimistic about the discovery process in the XRP lawsuit.
According to a Twitter response to an XRP user who inquired if there was any prospect of an extension in any portion of the litigation, Attorney Jeremy Hogan hopes for no further delays in discovery.
“Not in discovery” said the lawyer. The SEC might ask for more time for summary judgment briefings, but I don’t think that’s it,” hinting that the discovery process will be shorter than usual. In his opinion, the SEC may request more time for the summary judgment briefings, according to Jeremy Hogan.
U.S. Magistrate Judge Sarah Netburn approved a motion in January to extend the discovery deadline in the dispute between the Securities and Exchange Commission and Ripple, a San Francisco-based blockchain corporation, to February 28 to conduct additional depositions.
After being postponed four times, high hopes for the conclusion of expert discovery seem to be in place. The discovery process was delayed from October 12 to November 15 last year before being extended to Jan. 14 and 19, with a final shift to February 28.
In the latest updates shared by defense lawyer James K. Filan, one of Ripple’s defendants, Brad Garlinghouse, has filed a response to the SEC’s opposition to an earlier Ripple motion seeking the disclosure of the ”Estabrook notes ” taken during November 9, 2018, meeting between former SEC Commissioner Elad Roisman and the Ripple CEO.
Over the weekend, Ripple and the individual defendants filed their opposition to the SEC’s Motion for Partial Reconsideration and Clarification of Judge Netburn’s DPP Ruling.The SEC filed an opposition to compel turnover of notes taken by Matthew Estabrook.
However, the agency went ahead and submitted the letters to Judge Netburn for an on-camera review. Ripple had requested the Estabrook notes earlier in February and argued that these were not protected when the agency claimed the deliberative process privilege (DPP).
In line with the market rise, XRP saw another large daily green candle on February 28 as it spiked nearly 9%. The cross-border token climbed to reach prior day highs of $0.794 before a slight retreat. XRP trades at $0.77 at press time.
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