By Bitcoinist - 1 year ago - Reading Time: 3 minutes
XRP Lawyer Deaton Files Amicus To Join Another Ripple pwosè
The U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs is not the only battle the company is currently fighting. In fact, there is a court case that has been under trial for a longer period of time: The class action lawsuit filed by XRP investors against Ripple Labs and CEO Brad Garlinghouse, which has been pending since November 2018.
The case, which is being heard in the US state of California, is led by lead plaintiff Bradley Sostack, with three lawsuits (Zakinov, Oconer, and Greenwald) consolidated into one. The plaintiffs accuse Ripple of selling XRP as an unregistered security and seek damages for losses suffered from the sale and alleged promises by Ripple. In addition, the plaintiffs are asking the court to also classify XRP as a security.
A New Player In The Ripple Vs. Zakinov Case
Avoka John E. Deaton, ki deja enplike nan yon respektif amicus kout nan Ripple vs. SEC and LBRY vs. SEC cases, is now getting involved in this case as well. As prominent criminal defense attorney James Filan writes in a series of tweets, Deaton is filing an amicus brief in Zakinov vs. Ripple.
Filan ekri ke klas yo pwopoze a ta gen ladan moun ki gen XRP atravè mond lan, ki gen ladan 75,890 moun ki gen in the SEC case who have joined Ripple’s arguments and disagree with the plaintiffs in Zakinov, saying that XRP is not a security.
Moreover, the proposed class action is not limited to direct sales by Ripple, but extends to all sales of XRP, including secondary sales and international sales in countries where the token has already been classified as not a security.
Deaton diskite nan mosyon li a ke tribinal la pa ta dwe sètifye klas la akòz konfli sa yo ak paske gen sèlman yon ti kantite moun ki gen moun ki fè reklamasyon ke XRP se yon sekirite ki pa anrejistre, pandan y ap anpil moun ki gen siy atravè lemond reklame ke li pa.
JUST ADDED to our Document Library:Order Granting @ JohnEDeaton1 Admisyon Pro Hac Vis Reprezantan #XRPHolders in US District Court for Northern District of CA in "In Re Ripple Labs Inc Litigation" (Zakinov v. @Ripple) Link to Order: https://t.co/tc3zd4ZyYm
- CryptoLaw (@CryptoLawUS) Fevriye 6, 2023
Fred Rispoli, yon avoka nan kominote a tou, te fè kòmantè sou mouvman Deaton ak aplodisman, li di, “Lè w abitye ak aksyon gwoup, batay sètifikasyon klas la se batay ki pi enpòtan nan kalite ka sa yo. John vini isit la nan kapasite sa a se yon kout pye reyèl nan voye boul yo nan avoka pleyan an. Epi mwen pa dakò ak John, men kout pye boul la pa ka egzajere.”
Bò kote pa l, Deaton fè kòmantè sou anons Filan sou Twitter, li di:
Kit se SEC a oswa yon Avoka Pleyan ki fè agiman absid ke tranzaksyon sou mache segondè nan yon siy yo tou se sekirite tou senpleman b/c li ka te deja ofri oswa vann nan yon fason ki vyole Seksyon 5 nan Lwa Securities, mwen pral wè. ou nan Tribinal.
XRP pri jodi a
Nan moman laprès, pri a XRP te kanpe nan $ 0.3961, jwenn sipò nan EMA a 100 jou. Pandan dènye 24 èdtan yo, pri a ekri yon ti pèt nan 0.4%. Pou towo bèf, EMA 200 jou rete youn nan pi gwo rezistans nan moman sa a.
Sous orijinal: Bitcoinse