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Ripple Lawsuit Tracker (May 2020)

brjXRP17

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brjXRP17

brjXRP17 738

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Guys,

Below is your May 2020 update on the lawsuits filed against Ripple Labs, Inc. As of today, May 4, 2020, there are four (4) open or active cases Ripple Labs, Inc is involved with and litigating. 

TL;DR - A new securities related lawsuit was filed against Ripple Labs, Inc. last week. That is three, securities related lawsuits Ripple is now defending. 
 

The open or active cases are in bold:

1.) 2014 - Ripple v. LaCore Enterprises    (closed)
2.) 2015 - Ripple v. Kefi Labs   (closed)
3.) 2015 - Arthur Britto v. Jed McCaleb   (closed)**
4.) 2016 - Bitstamp v. Ripple, Jed McCaleb, Stellar   (closed)
5.) 2016 - Ripple v. Pixel Labs   (closed)
6.) 2017 - R3 v. Ripple (Delaware)   (closed)
7.) 2017 - Ripple and XRP II v. R3 (California)   (closed)
8.) 2017 - R3 v. Ripple (New York)   (closed)
9.) 2017 - Tony Petrucci v. Ripple   (closed)
10.) 2018 - Ryan Coffey v. Ripple, XRP II and Bradley Garlinghouse (California)   (closed)
11.) 2018 - Ryan Coffey v. Ripple, XRP II and Bradley Garlinghouse (U.S. Federal Court)  (closed)
12.) 2018 - Zakinov v. Ripple, XRP II and Bradley Garlinghouse (California)  (closed; consolidated w/ #17)
13.) 2018 - David Oconer v. Ripple, XRP II and Bradley Garlinghouse (California)  (closed; consolidated w/ #17)
14.) 2018 - Avner Greenwald v. Ripple, XRP II, Bradley Garlinghouse, Christian Larsen, Ben Lawsky (California)   (closed)
15.) 2018 - Avner Greenwald v. Ripple, XRP II, Bradley Garlinghouse, Christian Larsen, Ben Lawsky (U.S. Federal Court)  (closed)
16.) 2018 - Avner Greenwald v. Ripple, XRP II, Bradley Garlinghouse, Christian Larsen, Ben Lawsky (U.S. Appeals Federal Court)  (closed)
17.) 2018 - Zakinov et al v. Ripple et al (U.S. Federal Court)  (open/active)
18.) 2019 - Cooperative Entertainment, Inc. vs. Ripple  (closed)
19.) 2020 - Simmons vs. Ripple Labs, XRP II, LLC, and Bradley Garlinghouse (U.S. Federal Court)  (open/active)
20.) 2020 - Ripple Labs, Inc. et al vs. YouTube, LLC (U.S. Federal Court)  (open/active)
21.) 2020 - Bitcoin Manipulation Abatement, LLC, vs. Ripple Labs, XRP II, LLC, and Bradley Garlinghouse (U.S. Federal Court)  (open/active)


Notes on active cases:

#17, #19, #21 (above) - There are now three different securities related lawsuits filed against Ripple Labs, Inc., two in U.S. Federal Court in California (#17, #21) and one in U.S. Federal Court in New York (#19). The second federal case in California (#21) was filed on May 1, 2020. 
 
#20 (above) - Over the years, Ripple Labs, Inc. has typically been the defendant in all of these lawsuits. However, as many of you are aware, Ripple just filed a lawsuit against YouTube (Google) for alleged trademark infringement, alleged right to publicity, and alleged violations under California's Unfair Competition Laws, all related to the XRP Scam Giveaways. 

My guess is that Ripple Labs, Inc. will move to have all three securities related lawsuits joined (combined), but we shall see. And as soon as I have upcoming dates on all of these cases, I will update this post. 
 

@Snoopy @Pablo @WillGetThere @vlad_got_it @jcdenton @Mrsrippley @xrpisking

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brjXRP17

Guys, Below is your May 2020 update on the lawsuits filed against Ripple Labs, Inc. As of today, May 4, 2020, there are four (4) open or active cases Ripple Labs, Inc is involved with and litigat

Pablo

Here's the agent running the Bitcoin Manipulation Abatement, LLC case: https://www.linkedin.com/in/ppogodin/ Seriously out of his depth... Has zero securities law experience. The manner of the di

KarmaCoverage

It just occurred to me that the Howey Test which is based on an Orange Farm is not the best analogy for digital assets, when considering that the governing bodies are considering a "reclassification"

peanut56

peanut56 1,409

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Bitcoin Manipulation Abatement, LLC,

US Court Dismisses $150M Lawsuit Against Cryptocurrency Derivatives Exchange

https://cryptopotato.com/us-court-dismisses-150m-lawsuit-against-cryptocurrency-derivatives-exchange/

 

Bitcoin Manipulation Abatement, LLC,

Here is their registration in Puerto Rico

https://prcorpfiling.f1hst.com/CorpInfo/CorporationInfo.aspx?c=424234-1511

Nothing Like a lawsuit being filed out of a condominium in Peurto Rico

They seem to be going around suing crypto companies. Possible a company once called TRANSPACIFIC IP GROUP LLC, 5245 AVE ISLA VERDE UNIT 302. I would assume this had to changed due to the fact there is an actual company called this out of China that works on internet stuff. (yes I called it that). There were also various registrations of trademarks from clothing apparel to website names like mymall.com There was mention of stuff from cyprus. So basically it seems like a few people shacked up in a condo trying to scam corporations.

 

 

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Pablo

Pablo 8,622

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Here's the agent running the Bitcoin Manipulation Abatement, LLC case: https://www.linkedin.com/in/ppogodin/

Seriously out of his depth... Has zero securities law experience. The manner of the dismissal of his previous suit against FTX last year makes one wonder why they bother wasting everyone's time? I have to assume it's either self-funded or supported by a BTC maxi with nothing better to do than pester Ripple using a cheap-ass lawyer.

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pucksterpete

pucksterpete 1,830

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10 hours ago, peanut56 said:

Bitcoin Manipulation Abatement, LLC,

US Court Dismisses $150M Lawsuit Against Cryptocurrency Derivatives Exchange

https://cryptopotato.com/us-court-dismisses-150m-lawsuit-against-cryptocurrency-derivatives-exchange/

 

Bitcoin Manipulation Abatement, LLC,

Here is their registration in Puerto Rico

https://prcorpfiling.f1hst.com/CorpInfo/CorporationInfo.aspx?c=424234-1511

Nothing Like a lawsuit being filed out of a condominium in Peurto Rico

They seem to be going around suing crypto companies. Possible a company once called TRANSPACIFIC IP GROUP LLC, 5245 AVE ISLA VERDE UNIT 302. I would assume this had to changed due to the fact there is an actual company called this out of China that works on internet stuff. (yes I called it that). There were also various registrations of trademarks from clothing apparel to website names like mymall.com There was mention of stuff from cyprus. So basically it seems like a few people shacked up in a condo trying to scam corporations.

 

 

and here's the attorney for Bitcoin Manipulation Abatement llc    

 

what a goon!!!

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Dario_o

Dario_o 1,906

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11 hours ago, Undershoes said:

There is a new document in the docket that was posted today labeled "Dismiss" (at least by Court Listener). It's not free/open. Does anyone have info on this update?

https://www.courtlistener.com/docket/8150354/zakinov-v-ripple-labs-inc/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc

Thanks!

 

https://www.financemagnates.com/cryptocurrency/news/ripple-moves-to-court-for-fraud-allegations-dismissal/

Ripple has moved to court asking to drop all fraud charges against it on a lawsuit as the plaintiff has failed to provide details to back its claims.

In the court documents filed on Monday, the San Francisco-headquartered company is seeking a dismissal of fraud charges along with prejudice to the plaintiff as the allegations are based on false representations.

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LetHerRip

LetHerRip 1,210

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12 hours ago, Undershoes said:

There is a new document in the docket that was posted today labeled "Dismiss" (at least by Court Listener). It's not free/open. Does anyone have info on this update?

https://www.courtlistener.com/docket/8150354/zakinov-v-ripple-labs-inc/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc

Thanks!

 

https://www.coindesk.com/ripple-xrp-lawsuit-fails-ceo-garlinghouse-fraud

Quote

In the case of Garlinghouse, the plaintiff circles around a statement he made on Dec. 14, 2017, when, after being asked if he held any XRP as an investment, he said he was “very, very long XRP as a percentage of my personal balance sheet.”

In the amended complaint, the plaintiff alleges the XRP ledger shows Garlinghouse “sold any XRP he received from Ripple within days of such receipt” and that, rather than being long, “he was dumping XRP on retail investors in exchange for dollars and other cryptocurrency.”

In total, Sostack claims Garlinghouse sold 67 million XRP tokens (worth roughly $58 million on Dec. 14) in 2017, which, he alleges, counts as a misrepresentation as it coincides with the time he was also publicly claiming to be “very, very long XRP.”

Quote

The lawyers first contest Sostack’s claim that Garlinghouse sold a sizable share of his tokens: “Plaintiff fails to plead … what percentage of his personal balance sheet the alleged sales constitute.”

They then argue that just because Garlinghouse sold XRP doesn’t mean he wasn’t still bullish on the token’s prospects: “Selling a portion of one’s XRP holdings does not mean that the seller cannot also be ‘very, very long’ in the same asset as a percentage of his or her own personal balance sheet.”

Lets see if the Judge is going to buy your BS Lyinghouse. In Public "I'm very very long XRP", while at the same time furiously dumping 58$ Million worth of XRP.

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Undershoes

Undershoes 33

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So really you just wanted to shitpost. Cool. I do appreciate the link to the filing though, that part was helpful. It is curious to me that one file in the docket is named "motion to dismiss" while this one was only named "dismiss". 

If this is the sum of the plaintiffs argument, they have no standing. 

Edited by Undershoes
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