XRP Lawsuit: In the latest development in the Ripple class action lawsuit, parties have filed administrative motion to file under seal. The court set deadlines for motions and hearings in July after a recent order by a district court judge, with a deadline to file the narrowed motion to seal was set for Monday.
Ripple has urged the court to consider Judge Torres’ summary judgment as ‘programmatic buyer’ reasoning applies with equal force to this case.
In the latest filings with the court late July 8, parties filed Administrative Motion to File Under Seal, Administrative Motion per Civil Local Rule 7-11, and attachments to an Administrative Motion to File Under Seal.
Judge Phyllis Hamilton earlier directed the parties to reconsider their sealing motions as the court denied the sealing of any portions of the parties’ briefs. Judge Hamilton granted an order in response to a joint request by Brad Garlinghouse, Ripple Labs, and XRP II to seal certain exhibits.
As CoinGape reported, Judge Phyllis Hamilton in this Ripple XRP lawsuit set a July 8 deadline to file the narrowed motion to seal. The court will further issue a separate order on the narrowed motion to seal by the parties. The case was also referred to Magistrate Judge Robert Illman for settlement conference. The parties also expected to file a notice indicating whether they continue to seek the exclusion of four experts’ testimony by July 26.
XRP Price Eyes Recovery
Pro-crypto lawyer Fred Rispoli estimated Friday, July 12 or late July as the potential deadline for order in the remedies phase. Whales are accumulating XRP ahead of Judge Torres’ final judgment over penalties.
