XRP lawsuit: Mixed reactions as the SEC works with Defendant to make…
The legal tussle between Ripple, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC) continues to grow every day. Rarely does one gets to see two opponents collaborating under the same umbrella. A rare occasion indeed.
The court granted Ripple and the SEC- a two-week time extension request to discuss and agree on the appropriate attorney’s fee required to depose the supplemental rebuttal report from Dr. Albert Metz.
The approval, which camethrough text, saw “any motion for attorneys’ fees as described in the Court’s April 19, 2022 order.. due by May 27, 2022.”
Both parties required the deadline for the attorney’s fee extended to 27 May 2022.
Now, the parties have agreed upon a fee award in connection with the Metz Supplemental Report and Deposition in a 27 May filing. In fact, both Defendant and Plaintiff collaborated to make the required payment. Although, the amount of the award was not disclosed, yet.
James Filan, a famed attorney highlighted this development on the social media platform.
<p lang=«en» dir=«ltr» xml:lang=«en»>#XRPCommunity #SECGov v. #Ripple #XRP The parties have agreed upon a fee award in connection with the Metz Supplemental Report and Deposition and the SEC is working with the Ripple Defendants to make the required payment. The amount of the award has not been disclosed. pic.twitter.com/zI3hn3tEXE— James K. Filan
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