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Amended Ripple Class-Action Covers Possibility That Judge Rules XRP Is Not A Security
Summary: The class-action lawsuit against Ripple, which was filed on March 25, now includes claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.” The reason behind the addition of the sixth and seventh claims for relief appear to be a direct hedge in case the rules against the ...
The class-action lawsuit against Ripple, which was filed on March 25, now includes claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.”
The reason behind the addition of the sixth and seventh claims for relief appear to be a direct hedge in case the rules against the original suit suggesting that XRP was illegally sold as an unregistered security.
By Roland James
Tags: Lawsuit,Ripple,XRP
Link: Amended Ripple Class-Action Covers Possibility That Judge Rules XRP Is Not A Security [Copy]
