The federal judge in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. has granted a joint motion from all parties to extend the deadline for the Daubert Motions that would exclude certain expert testimonies.
See related article: Ripple CEO’s attorney to resign as counsel on XRP lawsuit against SEC
- A Daubert motion is a type of motion that seeks to exclude the testimony of an expert witness. Both the SEC and Ripple have sought to seal the identities of certain non-parties.
- With the extension, all parties will have to submit their Daubert Motions and related documentation by Jan. 13, 2023, according to screenshots of court filings shared on social media.
- In December 2020, the SEC filed a lawsuit against Ripple and its executives, alleging the sale of XRP constituted an offering of unregistered securities worth over US$1.38 billion.
- Last week, Nicole Tatz, an attorney for Ripple Chief Executive Officer Bradley Garlinghouse, withdrew her role as the co-defendant’s counsel as she will no longer be associated with the law firm representing him starting from Dec. 31.
See related article: What is XRP and what is Ripple?