XRP Lawsuit: US Court Orders Ripple To Consider “Alternative Resolution'”

Quick Summary:

XRP Lawsuit: In the latest development in the In re Ripple Labs Inc Litigation, defendants CEO Brad Garlinghouse, Ripple Labs and XRP II LLC have requested the court to issue final judgment on plaintiff class action claims and a stay on individual state law claim until resolution.

Whereas the class claims put at issue all XRP purchases over a six-year period, the individual claim concerns purchases by a single buyer in January 2018.

Individual plaintiffs intend to appeal this court’s summary judgment order resolving the class claims.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: XRP Securities and Exchange Commission Ripple Altcoin News 24/7 Cryptocurrency News Xrp Lawsuit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 10:35:50 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23337390

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Main Topics: Crypto

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