Answers to SEC’s first amended complaint have now been filed
In recent updates shared by defense attorney James K. FilanDefendants Brad Garlinghouse and Chris Larsen’s responses to the SEC’s First Amended Complaint have now been filed.
Defense lawyer James K. Filan then went on to share a possible timeline of events as the case progresses.
He said, “Planning Update: Now that the individual defendants’ responses have been filed, the SEC’s position on the additional discovery is due April 15, 2022, and the proposed joint planning order is due April 15, 2022. April 22, 2022.”
Ripple is still awaiting court judgments, according to the defense lawyer. At the moment, four judicial decisions are pending: decisions on the SEC’s Motion for Partial Reconsideration, the Defendants’ Motion to Strike the Supplemental Expert Report, the Defendants’ Motion to Compel Turnover of the Estabrook Notes and the decision on the SEC’s proposed redactions.
The filing of the individual defendants’ response remains the triggering event, according to earlier updates shared by the defense attorney. He added that after the response is filed, the two-week deadline for filing the SEC’s position on discovery and the Joint Proposed Scheduling Order begins to run.
The SEC is scheduled to inform the court of its position on whether any additional discovery is required within a week of the submission of the Individual Defendants’ replies. The SEC and Ripple have also been ordered to meet and confer over a briefing schedule for summary judgment motions.
No later than one week after the SEC’s discovery submission, the parties must submit a proposed joint schedule for court approval.
Ripple deepens research collaboration with Carnegie Mellon University
Ripple has become a founding sponsor of Carnegie Mellon University’s Secure Blockchain Initiative. The Secure Blockchain Initiative is a university-wide interdisciplinary research initiative aimed at rethinking blockchain across industry ecosystems to address big concerns in Blockchain.
CMU announced three years ago its partnership with Ripple’s University Blockchain Research Initiative to encourage academic research and innovation in the areas of blockchain, cryptocurrencies and digital payments.
The agreement has facilitated collaboration between Ripple and CMU researchers on several blockchain-related projects, resulting in many research-based papers and presentations.
