Legal
Crypto Market News: The Southern District Court of New York on Thursday granted Attorney Kylie Chiseul Kim’s motion to withdraw as counsel for Ripple Labs. Earlier, CoinGape reported that Ripple could be at loss with the dropping out of the attorney from the case. In a latest, defense lawyer James Filan informed that Kim’s motion has been granted. Meanwhile, the wait for Summary Judgement in the SEC lawsuit continues whereas the Hinman speech documents are set for release by June 13, 2023.
Also Read: Binance Delists Terra Classic (LUNC) Perpetual Futures Contract, Selloff Coming?
No significant reason has been cited for the attorney’s withdrawal. The motion for withdrawal said no delay or prejudice to any party will result from the withdrawal.
Motion To Withdraw Granted For Ripple Lawyer
On May 24, 2023, attorney Kylie Chiseul Kim moved the Southern District Court of New York to withdraw as counsel to Ripple Labs. Responding to the motion, the court had on Thursday granted the withdrawal request. This means Kellogg, Hansen, Todd, Figel & Frederick, P.L.L.C., and Debevoise & Plimpton LLP will keep acting as counsel for Ripple in the lawsuit against the U.S. Securities and Exchange Commission (SEC).
Also Read: Cricket Legend AB de Villiers Reveals How He Got His NFTs Stolen
