Fred Rispoli commented that the Ripple Defendants have filed their Response to the SEC’s Objections

Lawyer Fred Rispoli commented that the Ripple Defendants have filed their Response to the SEC’s Objections.

Lawyer Fred Rispoli on twitter commented that the Ripple Defendants have filed their Response to the SEC’s Objections. He noted:

I’m not super jazzed up by this brief–Not bc it isn’t top class (it is) but bc it’s really just a narrative of what has already happened. As a trial lawyer, trial court is where the action is, appeals are boring. I’m sure appellate lawyers feel the opposite. In any event…

He also added:

…given the “clearly erroneous” standard the SEC has to meet in order to win (it can’t), my prediction is J. Torres should rule in the Aug. 29 week. And based on everything the SEC has done so far, it will try and appeal J. Torres’ decision on emails to 2nd Cir. Though I…

put 2nd Cir. accepting appeal/writ at 10% or less, just the process of getting denied acceptance looks like it can take 1-2 months, putting a 90% probability IMO of emails being ordered to be produced around October-November.