Alongside this opposition, Ripple filed a motion to strike expert materials introduced by the SEC’s top accountant, Andrea Fox.
The high-stakes legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has entered a pivotal stage.
Magistrate Judge Sarah Netburn, overseeing the case, recently issued a new scheduling order focused on Ripple’s motion to exclude certain expert materials submitted by the SEC.
This development stems from Ripple’s recent actions. The blockchain firm filed an opposition to the SEC’s opening brief on remedies. They are proposing to pay only $10 million in damages while asking the judge to reject other requests made by the commission.
Alongside this opposition, Ripple filed a motion to strike expert materials introduced by the SEC’s top accountant, Andrea Fox.
According to Ripple’s motion, the SEC failed to provide Fox’s expert materials during the discovery phase of the remedies litigation. Instead, the commission submitted these materials simultaneously with its opening remedies brief, limiting Ripple’s ability to address the details adequately.
