Attention XRP Holders: US Court Just Issued Major Order in Ripple Lawsuit – Don’t Miss This! 🚨⚖️
The US Court of Appeals has issued a time schedule order for appeals filed in the long-running Ripple lawsuit. Failure to comply may result in the appeal’s dismissal. Ripple Labs and CEO Brad Garlinghouse are ordered to comply by April 7, 2025 🕒⏳
US Appeals Court Sets Schedule in XRP Lawsuit
In the latest court filing, the US Court of Appeals for the Ninth Circuit issued a docketing notice for appeals related to In re Ripple Labs Inc Litigation rulings by the district court. The court issued a scheduling order with the Sostack v. Ripple Labs case title.
The appellant filed an individual claim against Ripple, XRP II, and CEO Brad Garlinghouse in the XRP lawsuit regarding violations of securities laws. Notably, the district court ruled in favor of Ripple and CEO Garlinghouse, but this is now challenged in the appeals court.
Time Schedule Order in Ripple Lawsuit
As per the scheduling order, appellant Bradley Sostack needs to file the Mediation Questionnaire due by Jan 29.
Also, the court has given the Mar 6 deadline for submitting the appeal opening brief, which provides the exact arguments against Ripple Labs, XRP II, and CEO Brad Garlinghouse in the XRP lawsuit. The ruling in this case may create a binding precedent for the Ripple vs SEC lawsuit.
Ripple Labs, XRP II, and CEO Brad Garlinghouse will submit an appeals answering brief by Apr 7, 2025. Notably, the company will file its brief in Ripple vs SEC case by Apr 16, as per a filing in the 2nd Circuit Court of Appeals.
Latest Developments in XRP Lawsuit
Meanwhile, Ripple and CEO Garlinghouse are pushing to end the lawsuit, urging Sostack and the plaintiff class to pay for expenses incurred in the irrational arguments. The crypto company submitted the ‘bill of costs’ after the district court ruled in favor, seeking funds for time wasted and expenses incurred in the lawsuit for securities violations.
In the latest court filing in the United States Court of Appeals for the Ninth Circuit, lead plaintiff Bradley Sostack has appealed against costs taxed in the amount of $210,591.52 against class plaintiffs.
Meanwhile, lawyers believe crypto lawsuits will see settlement or dismissal in April or May as the Trump administration will decide not to pursue appeals.
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2025-01-26 16:18