SEC wants to file ‘omnibus’ motion; More action to unfold?

The Ripple SEC lawsuit has not made any significant progress lately. The judge has undoubtedly ruled on a number of requests, but most have merely granted or rejected the requests of the parties involved. In addition, there have also been several piles.

A particular member of the community marked†

Today marks the 69th day that Judge Netburn is working on her final injunction to appeal and the 472nd day since the SEC refused to hand over the documents for the first time.

— stefan huber.justice (@Leerzeit) July 7, 2022

Read more – Ripple Tests NFTs Amid Endless Battle With SEC

SEC, Ripple’s ‘paper weight’ conflict

On Wednesday, the SEC requested permission to file an “omnibus” motion to exclude or limit the testimony of 10 experts retained by Ripple Labs and their executives, Garlinghouse and Larsen.

They have asked permission to write a maximum of 120 pages. Ripple has no objection to that. However, they have asked to be given the same privilege while filing their opposition. The SEC, for its part, has no problem with the defendants’ counterclaim.

According to the SEC, the experts have issued reports and rebuttals on numerous topics related to the pending case. The same exceeds 500 pages, excluding exhibits. So, in order to preserve judicial and SEC resources, the plaintiffs proposed to “combine” and file one long letter that would otherwise be 10 separate motions.

The SECs Submit justified,

“The proposed 120-page limit is less than the total number of pages combined under the Order’s 15-page limit per expert and is sufficient to adequately inform the court of the applicable facts and legislation in support of the SEC’s positions. “

The ‘wet noodle’ approach: yes or no?

The SEC lawyers have been criticized time and again for their actions. In one of the court’s recent rulings, listeners believed the SEC attorney had no idea what was being claimed. In a relatively “embarrassingway, the SEC defended its position.

In fact, John Deaton has always raised red flags and believed that the plaintiff’s lawyers lacked a logical strategy. According to him, their latest request shows the same “wet noodle approach” of throwing everything against the wall and waiting to see what sticks.

For over a year now, I’ve described SEC lawyers as “transactional and without any logical strategy. Again, they take the wet noodle approach: throw everything against the wall and see what sticks. https://t.co/FMVXYUnoiw

— John E Deaton (204.4K followers, beware of impostors) (@JohnEDeaton1) July 6, 2022

Read more – Ripple: Verdict on Hinman’s Speech This Week, Says Jeremy Hogan