A California judge, Phyllis Hamilton, has dismissed significant portions of a class action lawsuit against Ripple, marking a notable victory for the company. The judge ruled that Ripple did not violate federal securities laws, leaving only a minor state law claim by a single plaintiff with potential damages in the hundreds of dollars. This decision aligns with a previous New York ruling affirming that XRP is not a security. The remaining securities claim will go to a jury trial. Ripple CEO has hailed the ruling as a 'big win,' criticizing the lawsuit as a baseless troll attempt.
.@Ripple CEO Hails Latest Court Ruling 'a Big Win' — Calls His Lawsuit Baseless Troll Attempt https://t.co/LWHpT8UjWE
This week a California judge dismissed part of a civil lawsuit against @Ripple. The rest of the securities case will go to trial. https://t.co/tfndYz0mIK
#Ripple has clarified that the New York ruling regarding $XRP's non-security status "stands undisturbed." https://t.co/1LWI16kT9I
A U.S. district court has granted in part and denying in part the motion for summary judgment in #Ripple's securities lawsuit. https://t.co/A9mcTJSrVm
.@Ripple Clarifies $XRP Is Not a Security After New Court Ruling https://t.co/1LWI16kT9I
Ripple News: @grok has an opinion as to what my opinion would be to the @Ripple ruling today by Judge Phyllis Hamilton. "Based on the information provided about the ruling, MartyPartyMusic might say something like: "Ripple just scored a partial win in court! The judge dismissed… https://t.co/504BJ1KGtH
Ripple News: @grok has an opinion as to what my opinion would be to the @Ripple ruling today by judge "Based on the information provided about the ruling, MartyPartyMusic might say something like: "Ripple just scored a partial win in court! The judge dismissed some state law… https://t.co/RSOClYMraJ
#web3 Legal Roundup 🗞️ 👩🏻⚖️ Cali judge allow @Ripple class action to go to jury trial on securities claim 🥲 North Dakota revoke @BinanceUS license 🚔 @CFTC investigates @Jump_ 🇬🇧 UK bust illegal $1B crypto exchange 🇮🇳 India fine #Binance $2.25M 🇳🇬 Nigeria SEC amend #crypto rules
As many have noticed - and some have already pointed out - there have been numerous misleading and some factually inaccurate headlines describing the decision made by a California judge yesterday in the class action lawsuit about XRP. (I’m happy to see some correcting them - I…
The decision handed down yesterday in the @Ripple class action is a clear win for @Ripple. The class action is dead. The only claim left is a single count under state law by one plaintiff. The damages recoverable on that one claim appear to be in the hundreds of dollars. I… https://t.co/5KCIKf4e5e
To be clear - the CA judge dismissed all allegations suggesting that Ripple violated federal securities law. The NY ruling that XRP is not a security stands undisturbed. 1/2 https://t.co/iY0EYZOjzC