The remaining discovery in the case will be phased and expedited, per the order. LBRY is required to deliver the electronic files supporting its profit and loss statement and balance sheet that it submitted with its motion to limit the SEC's remedies within 14 days of the ruling.
The parties will meet and confer to attempt to agree on a series of specific, narrow interrogatories and document requests that address the issues raised during the status conference within 14 days of the SEC receiving LBRY papers. The injunction did not, however, mention the particular issues. The SEC will then give LBRY 30 days to reply to written requests.The parties must meet and confer within 14 days of LBRY's answer to the SEC's written requests if the SEC determines depositions are required. After the parties meet and attempt to reach an agreement, the depositions must be completed within 30 days.
Then, the SEC must provide a supplemental brief addressing the issue of remedy within 14 days of the conclusion of discovery. Following the SEC's filing, LBRY will have 14 days to submit a brief in response. The court will then deliberate on the case before deciding on a final verdict.