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In re Ripple Labs Inc. Litigation

  1. June 21, 2024

    Ripple Defeats Class But Not Howey Over Token Sales

    Crypto company Ripple Labs Inc. has escaped class claims that it violated federal and state law through unregistered sales of its digital token XRP, but the California federal judge who issued the ruling declined to go as far as declaring that the token was not a security under the so-called Howey test.

  2. July 03, 2023

    Crypto Investors Get Class Cert. In Ripple Labs ICO Fight

    A California federal judge certified a class of investors in a suit accusing XRP developer Ripple Labs and its CEO of engaging in an unregistered securities offering. The judge ruled, among other matters, that the plaintiff has shown the damages he incurred are adequate and similar to those of others in the now-approved class.

  3. April 26, 2023

    Calif. Judge Mulls Certifying Crypto Class In Ripple ICO Fight

    A California federal judge considering whether to certify classes of investors who accuse XRP developer Ripple Labs and its CEO of engaging in an unregistered securities offering questioned Wednesday whether the cryptocurrency could be considered a registered security, saying the case appears to raise a question of first impression.

  4. October 05, 2020

    Ripple Investors' ICO Suit Trimmed Again

    A California federal judge has trimmed investors' claims against cryptocurrency developer Ripple Labs Inc. for the second time, tossing for good two claims that the company and its executives made misleading statements but keeping alive claims that it held an unregistered securities offering.

  5. July 30, 2020

    Investor Can't Prove XRP Statements Were False, Ripple Says

    An investor in the XRP cryptocurrency, who accuses the token's developer Ripple Labs Inc. and its CEO Bradley Garlinghouse in a proposed class action of lying and engaging in an unregistered securities offering, cannot show that the statements he points to were false, Ripple and Garlinghouse told a California federal court Wednesday.

  6. July 09, 2020

    Don't Trim Ripple Suit, Investors Urge Calif. Judge

    Purchasers of the digital currency XRP who claim it's an unregistered security on Wednesday urged a California federal judge to let their full suit go forward against the currency's maker Ripple Labs Inc., saying they'd clearly explained in their complaint why they contend that the company lied.

  7. June 09, 2020

    Crypto Developer Ripple Seeks Trim Of Investors' Fraud Suit

    Digital currency developer Ripple Labs Inc. on Monday sought to pare down the allegations it faces in a proposed securities class action in California federal court, claiming its investors failed to show how the company intentionally misled anyone about its offerings.

  8. May 28, 2020

    Ripple Securities Suits Consolidated In Calif. Federal Court

    Two cases against Ripple Labs Inc. that allege the company engaged in an unregistered securities offering of the digital currency XRP were consolidated Thursday by a California federal judge aiming to avoid inconsistencies addressing the "novel and nuanced" questions at play.

  9. March 26, 2020

    Investors Allege Ripple CEO Dumped XRP While Touting It

    A proposed class of investors in the cryptocurrency XRP has unveiled new allegations against Ripple CEO Bradley Garlinghouse, saying at the same time he was touting the product, he was unloading millions of dollars of the cryptocurrency.

  10. February 26, 2020

    Ripple ICO Suit Mostly Survives Motion To Dismiss

    A California federal judge said on Wednesday that an investor needed to explain more specifically why he claimed Ripple made fraudulent claims about its securities in his suit alleging the company violated the registration requirements of the Securities Act and state statutes when it ran an online initial coin offering for the cryptocurrency XRP.

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