BREAKING: Ripple Vs SEC Lawsuit Concludes As Court Approves Dismissal
The legal battle between the US Securities and Exchange Commission (SEC) and blockchain payment company Ripple Labs has officially come to an end as of August 22. After four years of intense litigation over the status and sales of its associated cryptocurrency, XRP, the US Court of Appeals for the Second Circuit approved a joint […]
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Another class-action lawsuit has been filed against Ripple Labs and CEO Brad Garlinghouse. This lawsuit follows the one filed by the U.S. Securities and Exchange Commission (SEC) alleging that the defendants sold XRP, which it considers unregistered security, for over $1.38 billion. The lawsuit, filed Monday in a Florida district court alleges that the “sale of XRP cryptocurrency tokens to Florida residents” violates Florida securities laws. The suit names Ripple Lab Inc., XRP II LLC, and Garlinghouse as the defendants. They have allegedly sold “millions of dollars (or....
In the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple. Judge Dismissed SEC’s Attempt to Stop XRP Holders From Intervening in Ripple Lawsuit In the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs case, the district court of the Southern District of New York “has reviewed the parties’ and proposed intervenors’ letters dated March 19 and 26, 2021,” according to the court....
It’s been 171 days since the US Securities and Exchange Commission (SEC) challenged XRP and Ripple Labs directly by filing a lawsuit against them. There have been a slew of motions and memorandums exchanged so far, but no clear winner has emerged. Every court judgement has had and will continue to have far-reaching repercussions in […]
A class-action lawsuit filed in the Ontario Superior Court of Justice against the now infamous former Bitcoin exchange, Mt. Gox, and its owner Mark Karpeles, is to be dismissed, leaving many Canadian former exchange customers still without their stolen Bitcoins. Mutual agreement. In a notice released on the Charney Lawyers website, the solicitors representing those who filed the lawsuit said a decision was made by all involved parties to dismiss the class-action lawsuit on 17th June 2016, having come to a mutual agreement presumably over the terms of its dismissal. The implications of this....
Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the U.S. Securities and Exchange Commission. The court filing indicates that Tetragon and Ripple allegedly made an agreement, and the SEC case deeming XRP as an unregistered security should allow them to get funds back. Moreover, weeks after the SEC charges, former Ripple executive Jed McCaleb sold 28.6 million XRP. Billion-Dollar Asset Manager Sues Ripple Labs A recent court filing submitted to Delaware’s Chancery Court shows that Tetragon Financial....