Another development occurred in the ongoing Ripple-SEC lawsuit. Ripple co-founders Brad Garlinghouse and Chris Larsen have been allowed by the court “to file a motion to dismiss the cases against them.” According to legal documents, US District Judge Analisa Torres has allowed Larsen and Garlinghouse to file their motion to dismiss by 12 April.
The Judge included a schedule of future developments in the legal battle between Ripple and SEC. By 14 May, SEC shall file its opposition papers after it reviews Ripple execs’ motions. Following which, the defendants will reply by 4 June, if they choose to do so.
Additionally, by 22 April, the plaintiff – SEC – will file a motion to strike, thus summarizing its accusations. Larsen and Garlinghouse will be allowed to then file the opposition papers and form a reply by 13 May. Separately, SEC will be allowed to reply by 27 May.
