• Latest
Ripple Class-Action Lawsuit Can Proceed, Judge Rules

Ripple Class-Action Lawsuit Can Proceed, Judge Rules

February 26, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ethereum

Ripple Class-Action Lawsuit Can Proceed, Judge Rules

coinnewsdaily by coinnewsdaily
February 26, 2020
in Ethereum
0
Ripple Class-Action Lawsuit Can Proceed, Judge Rules
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022

A lawsuit claiming Ripple violated securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm.

In a ruling Wednesday, U.S. District Judge Phyllis Hamilton, of the Northern District of California, allowed a putative class-action lawsuit by retail XRP buyers to proceed. Hamilton said the suit can include claims filed under federal law but dismissed some claims filed under California state law. Plaintiffs can refile some of the claims under California law in an amended complaint within 28 days, she added.

The order follows a hearing held in mid-January between the plaintiff, which includes Bradley Sostack, a one-time XRP owner, and the defendant, which includes Ripple, its XRP II subsidiary and Ripple CEO Brad Garlinghouse. 

Notably, the judge appears to have found Ripple’s argument that the plaintiffs filed their complaint after a legal deadline (the “statute of repose”) persuasive. However, Hamilton said it does not prevent the lawsuit itself from proceeding, pointing to the claims under federal law.

“Based on plaintiff’s complaint and the judicially noticeable facts proffered, the court cannot conclude that defendants’ first bona fide public offer to sell XRP occurred before August 5, 2016,” she said.

The amended complaint at the heart of Wednesday’s ruling was filed in August 2019.

“While defendants did acknowledge various 2013 offers and sales in their May 2015 settlement with the USAO [U.S. Attorney’s Office for the Northern District of California], the sales activity identified in that settlement does not show that defendants targeted the general public when offering to sell XRP,” the judge wrote.

The putative lawsuit is now stretching into its second year, after a number of similar complaints were consolidated and moved from state court to federal.

Read the full document below:

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Credit: Source link

Tags: Ethereum
Share76Tweet48
Previous Post

Tokenized US T-Bond Fund Seeks Foothold in $17T Market

Next Post

Iranian General Advocates Crypto Use for Skirting Sanctions: Report

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum
Alt Coin

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
Load More
Next Post

Iranian General Advocates Crypto Use for Skirting Sanctions: Report

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$19,530.063.24%
  • ethereumEthereum(ETH)$1,066.545.51%
  • tetherTether(USDT)$1.00-0.50%
  • binancecoinBNB(BNB)$218.905.17%
  • rippleXRP(XRP)$0.3162411.88%
  • cardanoCardano(ADA)$0.4521523.25%
  • SolanaSolana(SOL)$32.935.74%
  • dogecoinDogecoin(DOGE)$0.0660444.66%
  • polkadotPolkadot(DOT)$6.821.93%
  • daiDai(DAI)$1.00-0.07%
  • tronTRON(TRX)$0.0655524.44%
  • Shiba InuShiba Inu(SHIB)$0.0000102.86%
  • leo-tokenLEO Token(LEO)$5.99-0.17%
  • matic-networkPolygon(MATIC)$0.4708278.46%
  • litecoinLitecoin(LTC)$51.281.69%
  • FTXFTX(FTT)$24.766.96%
  • OKBOKB(OKB)$12.254.42%
  • CronosCronos(CRO)$0.1139813.76%
  • chainlinkChainlink(LINK)$6.122.98%
  • stellarStellar(XLM)$0.1103205.43%
  • cosmosCosmos Hub(ATOM)$7.7410.80%
  • algorandAlgorand(ALGO)$0.3085457.56%
  • moneroMonero(XMR)$113.894.41%
  • ethereum-classicEthereum Classic(ETC)$14.693.28%
  • bitcoin-cashBitcoin Cash(BCH)$101.142.59%
  • vechainVeChain(VET)$0.0224774.79%
  • Internet ComputerInternet Computer(ICP)$5.263.45%
  • tezosTezos(XTZ)$1.371.30%
  • filecoinFilecoin(FIL)$5.384.86%
  • theta-tokenTheta Network(THETA)$1.173.72%
  • ElrondElrond(EGLD)$51.339.41%
  • bitcoin-cash-svBitcoin SV(BSV)$52.13-0.87%
  • eosEOS(EOS)$0.924.17%
  • paxos-standardPax Dollar(USDP)$1.000.12%
  • makerMaker(MKR)$903.316.37%
  • AaveAave(AAVE)$57.316.67%
  • huobi-tokenHuobi(HT)$4.820.52%
  • iotaIOTA(MIOTA)$0.2649554.79%
  • zcashZcash(ZEC)$53.933.52%
  • basic-attention-tokenBasic Attention(BAT)$0.40686113.70%
  • neoNEO(NEO)$8.232.70%
  • zilliqaZilliqa(ZIL)$0.0393548.26%
  • wavesWaves(WAVES)$5.4712.34%
  • havvenSynthetix Network(SNX)$2.224.60%
  • dashDash(DASH)$42.053.03%
  • PancakeSwapPancakeSwap(CAKE)$3.035.24%
  • KusamaKusama(KSM)$48.387.08%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • nemNEM(XEM)$0.0384735.84%
  • ethlendAave [OLD](LEND)$4.103.48%
  • CompoundCompound(COMP)$46.787.86%
  • qtumQtum(QTUM)$2.775.33%
  • bitcoin-goldBitcoin Gold(BTG)$15.282.91%
  • omisegoOMG Network(OMG)$1.804.40%
  • golemGolem(GLM)$0.2355267.12%
  • ontologyOntology(ONT)$0.23412710.25%
  • SushiSushi(SUSHI)$0.982.35%
  • umaUMA(UMA)$2.5912.00%
  • yearn-financeyearn.finance(YFI)$5,412.874.64%
  • digibyteDigiByte(DGB)$0.0091133.37%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....