Ripple may pay $250K for review of summary judgment materials, says lawyer amidst settlement rumors in SEC vs. Ripple case
05/20 09:56
According to lawyer John Deaton, Ripple may pay a minimum of $250K to have multiple paralegals and associates review the company's redactions on summary judgment materials in compliance with Judge Torres' decision. This speculation was made in response to a joint request by Ripple and the SEC to extend the deadline for the public filing of redacted versions of summary judgment materials and accompanying exhibits, which surprised many XRP enthusiasts who believe the parties might be planning to discuss the terms of a settlement. However, Deaton disagrees and believes that the SEC only requested an extension because it has many documents that need to be redacted in accordance with Judge Torres' sealing order. The parties now have until June 13, 2023, to file public, redacted versions of summary judgment documents and accompanying exhibits.
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