Case 1 : 20 - cv - 10832 - AT - SN Document 918 Filed 10/19/23 Page 1 of 1
SECURITIES AND EXCHANGE COMMISSION VIA ECF and EMAIL Hon .
Analisa Torres United States District Judge Southern District of New York Re : SEC . Ripple Labs , Inc. et al . , No. 20 - c - 10832 ( AT ) ( SN ) ( SDN.Y. )
Dear Judge Torres : Plaintiff Securities and Exchange Commission ( " SEC " ) respectfully notifies the Court of the stipulated dismissal of the SEC's pending claims against Defendants Christian Larson and Bradley Garlinghouse ( Individual Defendants " ) . October 19 , 2023 This Court's July 13 , 2023 Order ( ECF No. 874 ) ( " Order " ) set for trial the SEC's claim that the Individual Defendants aided and abemed Ripple's violations of Section 5 of the Securities Act of 1933 with Ripple's " Institutional Sales " of XRP . Order at 30-34 , see abo ECF Nos . 884,917 . Pursuant to Rule 41 ( a ) ( 1 ) ( A ) ) of the Federal Rules of Civil Procedure , the parties have stipulated to the dismissal with prejudice of this claim . This voluntary dismissal obviates the need for the scheduled trial on this claim and moets the October 3 , 2003 scheduling order ( ECF No. 917 ) The SEC and Ripple imend to meet and confer on a potential briefing schedule with respect to the pending issue in the case what remodies are proper against Ripple for its Section 5 violations with respect to its Institutional Sales of XRP and respectfully request until November 9 , 2023 to propose such schedule to the Court or , if the parties cannot agree , to seek a briefing schedule from the Court on a contested basis . Attachment : Stipulation of Dismissal Counsel for Defendants ( via ECF ) Respectfully submitted . Jorge J. Tenreiro forge G. Tenreiro
