Ripple Seeks Deadline Extension After Court Upheld the SEC’s Remedies Discovery Request

• Ripple has requested a one-week extension of the deadline for remedies-related discovery in its case against the SEC.
• Ripple asked the Judge to shift the deadline from February 12 to February 20.
• The firm cited delays in resolving post-complaint disputes for demanding an extension.

Ripple has requested a one-week extension of the deadline for remedies-related discovery in its case against the U.S. Securities and Exchange Commission (SEC). On February 6, through its lawyer, Ripple applied to the judge for the deadline to be extended from February 12 to February 20, 2024.

Ripple cited delays in resolving the dispute over the relevance of the post-complaint discovery requested by the SEC as the reason for demanding an extension. According to Ripple, the Court ruled in favor of the SEC on February 5, one week before the close of discovery.

Furthermore, Ripple highlighted that the remaining timeframe would not be sufficient to gather the requested information. It noted that the discovery request covers documents spanning an entire post-complaint period. According to the filed extension request, an additional eight days would be sufficient for Ripple to collect and produce the requested discovery.

Ripple’s lawyer noted that the extension request aligns with the litigation procedures in the ongoing case. According to the filing, Ripple and the SEC jointly proposed to produce a remedies discovery on November 9, 2023, allowing 90 days for submission. However, Ripple reserved the right to oppose the discovery and seek a deadline extension if denied. 

The lawyer asked the Court to consider, among other factors, that Ripple has diligently attempted to meet the existing deadlines. The application explained that Ripple timely served its responses to the SEC’s discovery requests. It noted that the parties promptly met and conferred to attempt to resolve the dispute, including over the December holiday week.