The date of the first Ripple court hearing has been set
The Southern District Court of New York set the date for the first hearing of the US Securities and
Exchange Commission’s complaint against Ripple. According to the court ruling, the first hearing will be held on February 22, presided over by Judge Analisa Torres.
According to the Daily Hoodel, the meeting will be held remotely and by telephone. Such hearings, referred to as “pre-trial hearings,” help the trial judge gain a general understanding of the case and its circumstances and determine the timeframe required for the trial to proceed. It is possible that the judge will decide to hold another pre-trial hearing and then the main trial will begin.
The US Securities and Exchange Commission has accused Ripple of selling unregistered securities since 2013. Brad Garlinghouse, CEO of Ripple, and Chris Lars, co-founders of the company, are among others sued by the US Securities and Exchange Commission.
In part of the complaint of the US Securities and Exchange Commission, we read:
Ripple adds that the accusations are not true, adding:
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