XRP lawsuit: Motion for time extension granted, SEC's response to emails expected on May 18 Ripple XRPArmy XRPCommunity XRPHolders XRPNews XRPTheStandard
, the court granted both parties' motion for an extension of time involving the attorney's fee related to Dr. Albert Metz's Supplemental Report in a Text Only Order, and it is now due by May 27, 2022.
Motion for Extension of Time granted in a Text Only Order."Any motion for attorneys' fees as described in the Court's April 19, 2022 order . . . is due by May 27, 2022."Earlier in the Ripple v. SEC case, the court denied the Ripple defendants' motion to strike the Metz report while reopening discovery until May 13 to re-depose Dr. Metz. The SEC was, however, ordered to pay"reasonable expenses" regarding filing the motion and re-deposing Metz.
Dr. Albert Metz, a securities and finance specialist, filed his original report on Oct. 4, detailing an event analysis conducted to see if Ripple could manipulate the price of the XRP currency with its announcements. He concluded that the token's performance was influenced by"certain news and public statements."
Over the weekend, Ripple filed a six-page response to the SEC's assertions that the Hinman documents were protected by attorney-client privilege. In the court document, Ripple argues that the emails might not be protected by attorney-client privilege, as the SEC claims.
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