As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) commands global attention, retired securities lawyer Marc Fagel’s recent Twitter commentary has offered a fresh perspective on possible case outcomes for the lawsuit.
Unlike the more commonly discussed options of a trial or a settlement, Fagel introduces a third, under-explored avenue: dismissing the case against individual defendants. According to Fagel, this option could be a “defensible move” based on the changing litigation circumstances.
He argues that while there might be some “institutional resistance” to dismissing a case, it could be a strategic decision that expedites the appeal process. This assessment diverges from other experts like Jeremy Hogan, who recently outlined probabilities primarily leaning toward a trial or a settlement.
Fagel’s insights open up new dimensions for consideration:
Fagel’s analysis has set crypto Twitter abuzz, provoking both support and skepticism. While some appreciate the nuanced understanding he brings to the table, others ponder how Ripple might adapt its legal strategy in response to such insights.
While Jeremy Hogan had earlier marked December 21, 2023, as a potential date for settlement, Fagel’s insights introduce an alternative that could disrupt these calculations.
With Marc Fagel’s observations thrown into the mix, the upcoming pretrial conference on April 16, 2024, promises to be a spectacle worth watching that could either validate or upend existing speculations.
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