Ripple has demanded a class action lawsuit against the company in U.S. Federal court
The ongoing litigation between Ripple Labs and investors who have invested in company-owned XRP tokens is moving to the next stage.
According to court documents, lawyers for Ripple and its affiliated defendants filed an application to move a class action lawsuit from the San MATEO High court to the U.S. District court for the Northern district of California.
The defendants argue that the joint action meets the requirements of the higher court. In addition to requesting a change of venue, Ripple's lawyers hinted at the company's line of defense against a lawsuit alleging that the XRP token is a security issued by Ripple. "The plaintiffs do not claim that they lacked information about the nature of these transactions. However, the plaintiffs claim that they suffered because the defendants had to register XRP tokens as "securities" with the U.S. securities and exchange Commission (SEC), but did not do so," the application says.
According to the document, the joint class-action suit includes previous lawsuits filed by plaintiffs Avner Greenwald (Avner Greenwald), David Ikonero (David Oconer) and Saquinavir Vladi (Vladi Zakinov). The fourth lawsuit filed by Ryan Coffey (Ryan Coffey), was voluntarily withdrawn by the plaintiff in August, although later lawyers Ripple stated that he was connected with the claim Zakirova.
Currently, the list of defendants includes Ripple Labs and its subsidiary XRP II, and Bradley Garlinghouse (Bradley Garlinghouse), Christian Larsen (Christian Larsen), Ron will (Ron Will), Antoinette O'gorman (the O'gorman), Eric van Miltenburg (Eric van Miltenburg), Susan Atai (Susan Athey), Zoe Cruz (Zoe Cruz), Ken Courson (Ken Kurson), Ben Lawsky (Ben Lawsky), Anja Manuel (Anja Manuel) and Takashi Okita (Takashi Okita). #crypto #cryptocurrency #eth #ethereum #gold #coins #coin #usdm #usd #invest #investing #investment #blockchain #ripple #cryptonews #news #litecoin #ltc #xrp #top #calendar #day #many #token #tokens #tother #bitcoin #btc #btcpics #Bitcoins