Lawsuit Against Ripple Thrown Out as Court Denies Plaintiff’s Motion to Remand


Ripple can breathe a little easier after an XRP investor’s case was dismissed. The case alleged that Ripple used dishonest and illegal tactics to control the price of XRP

Yesterday the US Northern District of California court denied a remand application for a lawsuit filed against Ripple Labs Inc. by issuing an ‘Order Denying Motion to Remand.’ The case was originally brought forth by XRP investor Ryan Coffey in a San Francisco court on May 3rd, 2018, and his application for a remand was essentially an attempt to keep the case in California lower courts rather than have the case decided in Federal courts.

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