Gate News bot message, external lawyer Bill Morgan is an Australian lawyer who supports Ripple (XRP), and his posts are often widely circulated among XRP holders. He warns that the court's sentiment can be discerned solely by timing and believes that one cannot expect to see the conclusion of the XRP lawsuit in a few weeks.
"U.S. Judge Analisa Torres dismissed a previous joint motion to amend a ruling, reduce fines, and lift the injunction in just 7 days. Making a ruling on the current joint motion in less than 7 days may not be the best signal that she is approving the motion," he wrote on June 15, warning the impatient community not to mistake speed for sympathy.
Despite such warnings, Morgan believes that if the judge wishes to end this four-year dispute, she could seize a substantive opportunity: "The strongest argument in the joint motion is that modifying Judge Torres’ final order is a necessary condition for the SEC to reach a settlement with Ripple. If the final order is modified by reducing the fine amount and lifting the injunction, the litigation will ultimately come to an end, and court resources will be saved, as this will conclude appeals and cross-appeals."
Even so, Morgan's endorsement is not without reservations. He reminds readers that the parties themselves choose to resolve depending on the rewritten judgment: "They could have simply agreed to end the appeals and cross-appeals, accepting and getting rid of the final judgment. Ripple wants more. The parties are essentially imposing a fait accompli on the court and hoping the judge will exercise discretion. Intuitively, I think she will approve this motion, but if she doesn't, it wouldn't be surprising either."
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Will the Ripple (XRP) lawsuit be concluded in a few weeks? Lawyers say not to hold your breath.
Gate News bot message, external lawyer Bill Morgan is an Australian lawyer who supports Ripple (XRP), and his posts are often widely circulated among XRP holders. He warns that the court's sentiment can be discerned solely by timing and believes that one cannot expect to see the conclusion of the XRP lawsuit in a few weeks.
"U.S. Judge Analisa Torres dismissed a previous joint motion to amend a ruling, reduce fines, and lift the injunction in just 7 days. Making a ruling on the current joint motion in less than 7 days may not be the best signal that she is approving the motion," he wrote on June 15, warning the impatient community not to mistake speed for sympathy.
Despite such warnings, Morgan believes that if the judge wishes to end this four-year dispute, she could seize a substantive opportunity: "The strongest argument in the joint motion is that modifying Judge Torres’ final order is a necessary condition for the SEC to reach a settlement with Ripple. If the final order is modified by reducing the fine amount and lifting the injunction, the litigation will ultimately come to an end, and court resources will be saved, as this will conclude appeals and cross-appeals."
Even so, Morgan's endorsement is not without reservations. He reminds readers that the parties themselves choose to resolve depending on the rewritten judgment: "They could have simply agreed to end the appeals and cross-appeals, accepting and getting rid of the final judgment. Ripple wants more. The parties are essentially imposing a fait accompli on the court and hoping the judge will exercise discretion. Intuitively, I think she will approve this motion, but if she doesn't, it wouldn't be surprising either."
Source: CryptoSlate