- Attorney Jeremy Hogan has figured out the expected reasons for several amicus briefs.
- Ripple along with Securities Exchange Commission have also filed opening act and resistance to the summary judgement briefings.
On 31st October 2022, Attorney Jeremy Hogan posted on Twitter figuring the reasons for many amicus briefs which have been permitted in the Ripple legal actions. Hogan says that the amicus brief is “a friend of the court” and basically, ABs have been filed only in supreme and high level courts where only complicated problems are solved.
He questioned that “being said, is it okay to witness several ABs in a trial-level matter? Obviously no.”
Furthermore he said that, “ The liberal permission of amicus briefs of the Judge in this very trial level matter will look to advise that she acknowledges that the problems indulged are complex, novel and that the law will impact a major group of people and/ or industry. And according to me, it is a good thing.”
The Chamber of Digital Commerce, Ripple Partner, I-Remit, Tapjets and ICAN are one of the vital players that have already filed amicus briefs in the case.
During the weekend, SpendTheBits and the Investor Choice Advocates Network (ICAN) conventionally filed their amicus briefs in order to back Ripple.
The step was taken after Judge Torres accepted the petition by vital market players like Philip Goldstein, ICAN and SpendTheBits, to file amicus briefs in the legal actions. The newest to look for a request to send the amicus brief in the proceedings is The Blockchain Association, which targets to propose a right explanation of the Supreme Court’s Howey test in order to back Ripple.
The opposition
Ripple along with Securities Exchange Commission have filed opening act and resistance to the summary judgement briefings. The answer to the summary judgement motions are anticipated to come by nearly November 15, a time till which all briefings will be done and Judge Torres’s final judgement will be expected.
James K. Filan has forecasted that it may be March 31, 2023 or may be before it, Judge Torres may make judgement on expert motions and summary judgement at the same time. The Chief Executive Officer of Ripple, Brad Garlinghouse is confident that the matter may witness verdict in the first six months of the next year.
Source: https://www.thecoinrepublic.com/2022/11/01/jeremy-hogan-lists-the-main-reasons-for-several-amicus-briefs-in-the-case/