XRP Lawsuit: Plaintiff submits an appeal against Ripple’s request to reimburse for expenses incurred following the court’s decision in their favor.
XRP Lawsuit: The plaintiff has submitted a notice to the appeals court regarding the assessed costs. This is the most recent development in the In re Ripple Labs Inc Litigation. Following the district court’s decision in favor of the company and CEO Brad Garlinghouse, Ripple submitted the “bill of costs” to recover funds for the time and expenses expended in the securities violation lawsuit.
The lead plaintiff in the XRP lawsuit has filed an appeal in the United States court
In a recent court filing in the Ripple lawsuit, main plaintiff Bradley Sostack has filed an appeal in the United States Court of Appeals for the Ninth Circuit regarding costs taxed in the amount of $210,591.52 against class plaintiffs.
The main plaintiff and class objected to Ripple’s bill of costs and requested that the court not grant Ripple’s request in the XRP lawsuit. Additionally, Plaintiffs requested that the court reduce or decline the expenses if the court does decide to resolve them at this stage.
Nevertheless, the court rendered the summary judgment in favor of Ripple, XRP II, and CEO Brad Garlinghouse. The class claims encompassed violations of California securities law, liabilities of Ripple and Brad Garlinghouse as control persons, and unregistered offers and sales of securities.
In the XRP lawsuit, Ripple submitted 65 exhibit documents, including a bill of costs, a declaration of Litigation Director Ana Guardado, and information regarding litigation costs, counsel expenses, and other relevant details. This likely responded to the time and expenses squandered in the securities law violations lawsuit. Additionally, there is a movement to terminate the irrational lawsuit promptly.
The Ripple lawsuit has been concluded, as the parties determined that there was no justification for postponing judgment until the class claims were resolved. Additionally, the Trump administration will implement a more effective regulatory framework and conclude the majority of lawsuits against cryptocurrency companies.
The XRP community anticipates that the Ripple v. SEC case will be dismissed
The XRP community is currently anticipating the outcome of the Ripple vs SEC lawsuit. Under the leadership of Paul Atkins, the US SEC may not pursue the appeals further, according to experts and lawyers who are closely monitoring the case, including former SEC counsel Marc Fagel.
According to lawyer Jeremy Hogan, the long-standing legal dispute between Ripple and the US SEC is expected to conclude in April or May.
In the interim, the XRP price remains above $3 due to the community’s assurance regarding the outcome of the XRP lawsuit. The price has decreased by 5% in a week due to the forthcoming headwinds in the crypto market.