The US Securities and Exchange Commission (SEC) has sought permission to file an ‘omnibus’ motion that would limit the testimony of 10 experts created by Ripple Labs and their executives, Garlinghouse and Larson.
An ‘omnipresent’ offer is a type of legal proposition with many requests. A legal resolution enables the parties to systematically present or bring up other issues related to the case. It can be introduced at any point in the test.
Omnibus motion saves a lot of time for the court and the party bringing the motion. If most of the requests are found to be justified by the court, all the requests are accepted, even the contentious ones.
The SEC has requested authorization to write up to 120 pages. Ripple has not objected to this, while it has asked for similar privileges to be granted to them during the opposition’s filing.
Experts have filed a 500-page report and rebuttal, excluding demonstrations, about a number of topics involved in the ongoing case. The plaintiff proposes to combine and file one long brief instead of filing 10 separate motions.
SEC lawyers have been criticized for their actions. John Deaton is of the view that the plaintiff’s lawyers lack a reasonable strategy. In the latest tweet, he said his latest request shows a “wet noodle approach” – throw everything against the wall and see what sticks.
There has been zero or no progress in the Ripple-SEC lawsuit. In the case, the judge has ruled on some motions, but most of these motions have only been accepted or rejected according to the requests of the parties involved.