2018-7-5 13:28 |
News
A third lawsuit, alleging securities fraud, was filed last week against Ripple Labs Inc, XRPII LLC, and its CEO Bradley Glaringhouse.
Ripple has worked extremely hard to distance itself from its cryptocurrency, XRP, in hopes of avoiding just this scenario.
Ripple Labs Faces Third Securities Fraud Lawsuit
Managing partner of Robbins Arroyo LLP, Brian J. Robbins, filed a class action lawsuit against Ripple Labs Inc, XRPII LLC, and CEO Bradley Glaringhouse on behalf of San Diego college senior David Oconer.
It’s the third such lawsuit filed against the company since early May of this year.
Violations of securities law, what’s more, can also be prosecuted criminally, though those in the know believe it will not get to that stage.
Similar to Notcoin - Blum - Airdrops In 2024