Ripple Sued for Securities Law Violations

On May 3, 2018, Taylor-Copeland Law filed a class action suit against Ripple Labs, its wholly owned subsidiary XRP II, and Ripple Labs’ CEO Brad Garlinghouse on behalf of aggrieved investors who have sustained losses as a result of Ripple’s sale of XRP tokens (read the full Complaint here). The complaint alleges Defendants have earned massive profits in violation of state and federal securities laws by selling XRP to the general public, in what is essentially a never-ending initial coin offering. The complaint further alleges that XRP has all the hallmarks of a security and that Ripple tries to obscure its sales of XRP by doing so on exchanges rather than directly.

XRP Investors

If you invested in XRP and are interested in protecting your investment and joining the class action, please contact us with information about your investment losses.