Jeremy Hogan says the next few months could be interesting for the Ripple lawsuit, here’s why
Attorney Jeremy Hogan believes the next couple of months might be interesting in the ongoing Ripple-SEC lawsuit, with all the major rulings that are being teed up. Commenting on a recent Twitter update by the Cryptolaw founder, the U.S attorney stated this as one major takeaway from the recent order issued by Judge Torres in the ongoing case.
Crypto Law founder John Deaton in a tweet updates thread explained the recent decisions and what it could mean for Ripple. Defence lawyer James K. Filan previously informed the XRP community of the latest decision in which Judge Torres ordered the unsealing of three documents related to emails and legal memos from Chris Larsen and Brad Garlinghouse.
The recent ruling partly also granted and denied motions by Ripple defendants to seal some exhibits of previous motions.
Judge Torres will unseal email to Larsen and legal memos to Ripple, finding rationale for sealing ‘unwarranted’, but grant redactions to Garlinghouse in three documents to preserve ‘potentially sensitive information’ and release of certain filed documents by both parties. Finally, Torres will give Ripple the opportunity to respond to the SEC’s recent motion to strike down the fair notice defense.
Ripple stronger despite the lawsuit
Ripple recently announced its strategic partnership with Modulr, a major provider of payment solutions in the U.K. Together, they intend to set up a system of seamless payments in the United Kingdom and Europe for enterprises and retail users.
The San Francisco-based blockchain company also said it reached a valuation of $15 billion after buying back shares from investors who participated in its Series C round. CEO Brad Garlinghouse said Ripple was in its strongest financial position ever, despite its legal wrangling with the SEC.
In a recent interview, Garlinghouse predicted that Ripple might eventually go public in the future.
