The United States Court of Appeals has outlined significant dates for a new lawsuit initiated by Bradley Sostack against Ripple. This announcement includes crucial deadlines for filings and the timeline for key arguments in the appeals process.
What Are the Key Dates in the Ripple Case?
The court has acknowledged the appeal concerning the Ripple lawsuit and has assigned it a case number. It has instructed that all motions related to this case must be filed separately.
When Does the Appeals Process Begin?
Bradley Sostack is required to submit his Mediation Questionnaire by December 23. Additionally, the Appeals Transcript Order must be submitted by December 31, with the Appeals Transcript due by January 30. The opening brief for the appeal is set for submission on March 6, 2025, against Ripple and CEO Brad Garlinghouse, who must respond by April 7 of the same year.
The court indicated that if hearings are reported, parties involved should coordinate on transcript assignments as needed.
Ripple has previously gained from favorable court rulings, but Sostack’s appeal challenges that outcome. Judge Phyllis Hamilton has approved modifications to the decision and hearing requests in the XRP case. This lawsuit against Ripple continues alongside the ongoing case with the SEC in the Second Circuit Court of Appeals. The resignation of SEC Chairman Gary Gensler on January 20 has sparked optimism within the crypto community regarding a potential resolution.
Ongoing vigilance regarding the court’s deadlines will be vital for all stakeholders involved. Key takeaways include:
- Bradley Sostack’s Mediation Questionnaire is due by December 23.
- The opening brief for the appeal will be submitted on March 6, 2025.
- Ripple must respond by April 7, 2025.
As the case evolves, participants are gearing up for the continuing legal journey, ensuring they are well-prepared for the complexities that lie ahead.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
