Ripple Files Motion Seeking Dismissal of Class-Action Lawsuit

Ripple, whose cryptocurrency XRP was the subject of a class-action lawsuit last month, has filed a motion seeking its dismissal. The class-action lawsuit was filed in Oakland, Calif., last month by Bradley Sostack from Florida. It charged Ripple with conducting an “unregistered sale of securities” and violating California’s advertising laws. Critics say XRP is an unregistered security whose price has been artificially inflated by Ripple … Continue reading Ripple Files Motion Seeking Dismissal of Class-Action Lawsuit