Southern New York District Court Judge Analisa Torres issued two rulings Friday on motions filed in the SEC lawsuit against Ripple Labs.
the SEC motion filed in March to dismiss this defense and by doing so, it affirmed that the defense is viable in the suit. In other words, the defense, if accepted, could be used to win the case.a motion filed by Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen in March to dismiss the case against them for aiding and abetting the alleged unregistered securities sales.
By filing the motion, the defendants claimed that even if the allegations in the suit were true, they would not comprise a winnable case.the rejection of the SEC motion as a “huge win” on Saturday, the case is still in the pleadings stage, so there are likely to be many more legal maneuvers to come. Since Friday‘s decisions, Ripple has moved to strike a supplemental report, rebutting an expert report on the market performance of XRP.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
SEC Wants to Gain More Time in Ripple CaseThe SEC has filed for an extension of time in order to respond to Ripple’s latest motion that aims to strike the plaintiff’s supplemental expert report
Baca lebih lajut »
Ripple Execs’ Failed Motion Prompts SEC to Declare Its Internal Docs “Irrelevant”The defendants will have a chance to respond to the SEC’s letter in support of its motion for partial reconsideration and clarification
Baca lebih lajut »
How the SEC Men’s Basketball Tourney Bracket Looks After SaturdayTexas A&M and Tennessee will decide who is crowned as the SEC tournament champion on Sunday.
Baca lebih lajut »
Texas A&M falls short in SEC title game; waits word on likely NCAA berthNo. 2 seed Tennessee defeated the eighth-seeded Aggies 65-50 in the league title game.
Baca lebih lajut »
No. 9 Tennessee Tops Texas A&M 65-50 For SEC Tourney TitlePlaying its fourth game in four days, Texas A&M (23-12) started slowly and never recovered. The second-seeded Volunteers (26-7) never trailed, winning for the 12th time in 13 games.
Baca lebih lajut »
Electric Last Mile shares plunge on SEC probeElectric Last Mile Solutions Inc's shares fell more than 45% on Monday after the electric vehicle startup disclosed a probe by the U.S. Securities and Exchange Commission and withdrew all its previously issued business outlook.
Baca lebih lajut »