Summary Judgment in Ripple Lawsuit: Waiting for a Favorable Ruling
Legal experts and the XRP community are eagerly waiting for the court’s announcement of its summary judgment in the Ripple lawsuit. The briefings for summary judgment were completed in December 2022, and now, after over six months, the XRP community is hoping for a favorable ruling.
Key Points:
- Attorney Fred Rispoli highlighted statistics related to Judge Torres, suggesting insights into when the summary judgment may be made.
- The MSJ grant rate for defendants is 37%, while plaintiffs have a 24% MSJ grant rate.
- The median duration for MSJ decisions, from filing to order, is 249 days.
- Approximately 60% of rulings fall within the range of 146 to 330 days.
- Calculating from September 17, 2022, the potential dates for the summary judgment are May 21, 2023 (249 days) and August 10, 2023 (330 days).
John Deaton’s Speculation on Ripple’s Potential Actions
Attorney John Deaton, the founder of CryptoLaw, discussed the potential actions Ripple might take if Judge Analisa Torres grants summary judgment in favor of the SEC. Deaton believes that Judge Torres is aware of Ripple’s intention to appeal an unfavorable ruling, indicating that the case could eventually reach the US Supreme Court. If summary judgment is granted in the SEC’s favor, it could significantly impact the direction of the legal proceedings.
Hot Take:
The XRP community and legal experts are anxiously anticipating the court’s summary judgment in the Ripple lawsuit. The statistics and speculations provide some insights into the potential outcomes and timelines. While the waiting period may be frustrating, there is hope for a favorable ruling that could shape the future of the legal dispute. In the end, it remains to be seen how the court will rule and what actions Ripple will take in response.
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