On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024.
Ripple And SEC Could Settle Before Trial
While setting down the case for trial, Judge Torres noted that the deadlines outlined in the Court’s Pretrial Scheduling Order were to remain in effect. As part of the pretrial arrangements, counsels for both parties are expected to appear for a final pretrial conference on April 16, 2024.
Before this final pretrial conference, Judge Torres mandated that counsel for both parties, alongside the parties themselves, must meet for at least one hour to discuss the settlement in a bid to avoid any lengthy litigation.
There are no assurances that Ripple and the SEC will settle, nor are they mandated to do so when this settlement conference occurs. However,
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