In addition to its proposal to exclude or limit the testimony of ten experts recruited by Ripple defendants, the SEC has issued an omnibus (large) answer in length of up to 90 pages, according to a recent development provided by James K. Filan. filed has been requested. In the ongoing Ripple-SEC controversy.
The SEC lawyer wrote: “Plaintiff seeks permission to respectfully file an omnibus reply of up to 90 pages, in support of his omnibus motion to exclude the testimony of defendant’s expert witnesses. The Court previously upheld the SEC’s request for a length of up to 120 pages. A preliminary brief was requested to be filed in support of the motion. The letter further reads, “Although the order does not explicitly specify a page limit for answers, it does provide that speed and responses will be limited to 15 pages.”
it continued, “The SEC’s proposed 90-page limit for omnibus answers is less than the 60 pages it would otherwise have at 15 pages per expert, 30 pages less than the page limit provided for the SEC’s inaugural omnibus brief, and 26 pages from that.” less. Respondents gave brief information in opposition to the motion.”
It requested on Wednesday that Judge Annalisa Torres accept a reply of up to 90 pages to provide more evidence in support of its July move to exclude the testimony of Ripple’s ten expert witnesses. The motion was filed after the judge on April 28 ordered limiting such motions and responses to 15 pages per expert witness.
The SEC filed a complaint against Ripple in December 2020, claiming that the company sold over US$1.38 billion worth of XRP, the native coin of the XRP Ledger developed by Ripple Labs, in an unregistered securities offering. Additionally listed as co-defendants by the SEC were CEO Brad Garlinghouse and Executive Chairman Chris Larson for allegedly aiding and abetting Ripple’s crimes.