While the XRP case has been going on for a long time, the US Court of Appeals has taken a new step. The court issued a timetable order for the case. Both parties were obliged to comply with the determined program. It was reported that the appeals of the parties who do not comply with these dates may be rejected. Ripple Labs and CEO Brad Garlinghouse must submit their documents within the specified periods.
US Court of Appeals Sets Timeline in XRP Case
In a recent court filing, the U.S. Court of Appeals for the Ninth Circuit ruled against Ripple Labs Inc. It issued a new document preparation notice for appeals against previous district court decisions regarding. This process is also referred to as “Sostack v. It covers the case followed under the title “Ripple Labs”.
The case began when appellant Bradley Sostack filed an individual complaint against Ripple Labs, XRP II, and CEO Brad Garlinghouse, alleging they violated securities laws. The district court ruled in favor of Ripple and Brad Garlinghouse. However, this decision is currently being challenged on appeal. The court also asked the parties to submit their requests for assistance regarding this appeal in separate applications. Claims previously filed with the district court will not automatically be moved to the appellate court.
Timeline and Deadlines in the Ripple Case
According to the schedule published by the appellate court, appellant Bradley Sostack must complete the “Mediation Questionnaire” by January 29. Later, the court set the date of March 6 for the delivery of the main documents of the appeal. In these documents, the arguments put forward against Ripple Labs, XRP II and Brad Garlinghouse will be explained in detail.
There is also the possibility that the decisions to be taken in this case will set an example in the crypto world. Ripple Labs, XRP II and CEO Garlinghouse will submit their appeal documents containing their defense to the court by April 7, 2025. In addition, in the case between Ripple and the SEC, XRP will submit its appeal file as of April 16. The responding party will have the right to submit an optional response document within 21 days.
Latest Developments in the XRP Case
Ripple and CEO Garlinghouse are making intense efforts to end this case. The company is demanding that Bradley Sostack and the plaintiff class pay costs incurred due to unreasonable claims in the process. After the district court ruled in favor of Ripple, the company filed a “bill of costs” for legal costs.
In the latest filing, lead plaintiff Bradley Sostack appealed the $210,591.52 in court costs awarded against Ripple. In this process, lawyers believe that many crypto-related cases will end in settlement in April or May. It is also predicted that it will be rejected completely. However, this will depend on the final steps in Ripple’s case and the outcome of the appeal.
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