XRP Lawsuit: Plaintiff Appeals Ripple’s Request for Expense Payment After Court Ruling
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In the latest update on the Ripple Labs lawsuit, the plaintiff filed a notice about costs taxed in the appeals court. Ripple submitted a “bill of costs” after the district court ruled in its favor, requesting compensation for time and expenses spent on the lawsuit over alleged securities violations.
Lead plaintiff Bradley Sostack has filed an appeal challenging the $210,591.52 in costs taxed against class plaintiffs in the U.S. Court of Appeals for the Ninth Circuit. The lead plaintiff and class objected to Ripple’s bill of costs and requested the court either deny or reduce the costs.
Despite this, the court ruled in favor of Ripple, XRP II, and CEO Brad Garlinghouse in the summary judgment. The class claims involved unregistered offers and sales of securities, liabilities of Ripple and Brad Garlinghouse as control person, and California securities law violations.
Ripple filed a bill of costs, along with a declaration from Litigation Director Ana Guardado and 65 exhibit documents outlining litigation costs, lawyer expenses, and other details related to the XRP lawsuit. This was likely in response to wasted time and incurred expenses.
Notably, the lawsuit has now concluded, with the parties agreeing there was no reason to delay judgment as the class claims were resolved. Additionally, the Trump administration plans to end most lawsuits against crypto companies and establish a clearer regulatory framework.
The Ripple SEC Lawsuit
The recent rumors surrounding the Ripple vs. SEC case have once again sent the XRP price into motion. Investors are speculating about a possible settlement or dismissal, causing the price to rise. With the US SEC holding its first closed meeting under new acting chairman Mark Uyeda, many are expecting a major outcome in the ongoing case to come out of the meeting.
Despite ex-SEC attorney Marc Fagel recently rejecting these claims, market participants remain optimistic about potential positive news that could result in a significant increase in XRP price.
The XRP community is closely watching the Ripple vs SEC lawsuit, with experts like former SEC lawyer Marc Fagel suggesting that under Paul Atkins, the SEC may choose not to pursue additional appeals. Lawyer Jeremy Hogan predicts that the long-running legal battle between Ripple and the US SEC could conclude in April or May.
