XRP Lawsuit News: U.S. District Judge, Analisa Torres on Monday announced her decision on the motion to preclude expert testimony by both parties (Ripple and U.S. Securities and Exchange Commission). The court order stated that the parties’ motion, keeping Summary Judgement and trial in consideration, is granted in part and denied in part.

However, Attorney involved in the XRP lawsuit has claimed that the Judge gave out a ruling in the favor of Ripple and the Defendants.

Expert Testimony To Be Precluded In XRP lawsuit

As per the court order, the analysis of Expert No.1’s opinions makes it to be precluded from testifying as its opinion is around the perception of a reasonable XRP purchaser. However, the US SEC motion to disbar the rebuttal testimony is being denied. It added that the court shall not further address the commission’s arguments around it.

Attorney John Deaton, Amicus curiae in the XRP lawsuit praised Judge Torres’s ruling and stated that this shows how XRP holders can make a difference here. He highlighted the court’s order that says Defendat’s motion to preclude expert No.4 from testifying is granted.

The judge stated that it is granted because of his third opinion about the risks to the XRP Ledger which can materialize if the Defendants disappeared or walked away. However, rest of his testimony is being denied.

The post XRP Lawsuit: Ripple Gains Upper Hand In New Court Ruling appeared first on CoinGape.

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Filed under: News - @ March 7, 2023 7:26 am