The SEC Files Remedies Reply Brief, Other Filings To Follow

• The SEC has filed its remedies reply brief and supporting evidence under seal.
• According to James Fillan, the documents filed by the SEC are yet to be made public.
• The SEC will file the redacted version of its remedies brief by Wednesday, May 8, 2024.

According to James Filan, a renowned defense lawyer, the U.S. Securities and Exchange Commission (SEC) has filed, under seal, its remedies reply brief and supporting evidence in the ongoing case against Ripple. However, Filan noted that the documents filed by the SEC are yet to be made public.

Meanwhile, the defense lawyer noted that the SEC will file the redacted version of its remedies brief by Wednesday, May 8, 2024. He also highlighted that other sealing-related filings would follow Wednesday’s filing.

Filan shared an already-prepared schedule of the filings, beginning from the SEC’s reply brief under seal, which the commission filed on May 6. According to the schedule, the SEC and Ripple will meet and confer to identify redactions sought by each side and third parties, if any, to the reply briefs and exhibits
on May 7.

On May 8, the SEC will file a public, redacted version of the reply brief and any supporting exhibits not designated by either party or third parties as confidential or highly confidential under the protective order. 

After May 8, the next schedule will happen on May 13, when SEC, Ripple, and any third parties will file omnibus letter motions to seal all materials related to the remedies-related briefs, declarations, and supporting exhibits. All parties would also file proposed redactions to the provided materials on the same day. On May 20, the final day of the schedule, the parties will file letter briefs in opposition to omnibus letter motions to seal. 

It is essential to note that under the joint proposal, the parties would be required to file public, redacted versions of all documents within 14 days of the Court’s rulings on the omnibus sealing motions.