Attorney for Ripple’s CEO Withdraws From Case
Attorney Nicole Tatz has submitted a Motion to Withdraw as Counsel for Ripple CEO Brad Garlinghouse in the current case. She is leaving the legal firm Cleary Gottlieb Steen & Hamilton LLP, which represents the CEO of Ripple in the current litigation.
All other parties continue to be engaged in the lawsuit. The SEC filed a complaint against Ripple Labs in December 2020, accusing two of its employees, CEO Bradley Garlinghouse and co-founder Christian Larsen, of deceiving XRP investors by selling $1.3 billion in unregistered securities offerings.
In April 2021, the two executives filed a motion to dismiss the separate cases brought against them. The answer was delayed until March of this year when the individual defendants’ petition to dismiss the complaint was refused.
Motions for summary judgement in the Ripple-SEC case have now been completely briefed since the last filing has been submitted. According to James K. Filan’s forecast, Ripple is requesting the court to find in its favour, with the judgement scheduled to be rendered in early 2023.
CEO of Ripple, Brad Garlinghouse, anticipates that the lawsuit will be resolved without a trial in the first half of 2023. The XRP community members cross their fingers for a favourable verdict.
In related news, Ripple has extended the deadline for submitting NFT project proposals for the Ripple Creator Fund to January 18, 2023. The Creator Fund is available to a variety of creative talents, including singers and fashion designers.
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