Ripple vs SEC: Deadline Extension Proposed

In a new development in the legal battle between the SEC and Ripple Labs, the SEC has proposed pushing back the deadlines for submitting briefs on remedies in the case.

The request was submitted to Judge Analisa Torres of the Southern District of New York, with a suggestion to move the SEC’s opening brief deadline to March 22.

This is the first time either side has requested more time for this phase of the case, and Ripple has agreed to the suggested changes in the schedule.

The SEC’s need for an extension stems from requiring more time to go through recently obtained documents and to prepare for the remedies phase of the briefing.

This follows a resolution of a disagreement over discovery scope between Ripple and the SEC on Feb. 5, which resulted in Magistrate Judge Netburn granting an additional week for the initial discovery phase.

The SEC argues that there is a “good cause” for this slight delay, as outlined by Federal Rule of Civil Procedure 16(b)(4), pointing to their diligent work on completing the discovery and briefing related to remedies.

With no trial date set yet, the SEC believes that delaying the deadline will allow for a more comprehensive preparation and review before they submit their opening brief.

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