The information contained on this website is only a summary of the information presented in more detail in the Notice of Class Action. Because this website is just a summary, you should review the Notice and Frequently Asked Questions for additional details.
Summary of the Action and Settlement
The purpose of the Notice is to inform you of a class action lawsuit now pending in the United States District Court for the Northern District of California against Ripple Labs, Inc. Ripple’s subsidiary XRP II, LLC, and Bradley Garlinghouse, Ripple’s CEO.
The Certified Classes Consist of:
- Federal Securities Claims Class: All persons or entities who purchased XRP from July 3, 2017 through June 30, 2023 and who have (a) retained the XRP, and/or (b) sold the XRP at a loss.
- California State Securities Claims Class: All persons or entities who purchased XRP from Defendants and/or from any person or entity selling XRP on Defendants’ behalf from July 3, 2017 through June 30, 2023 and who have (a) retained the XRP, and/or (b) sold the XRP at a loss.
Excluded from the Classes are corporate officers, members of the boards of directors, and senior executives of Defendants; members of their immediate families and their legal representatives, heirs, successors or assigns; and any entity in which Defendants have or had a controlling interest.
The geographic scope of both Classes is limited to Class Members who purchased XRP within the United States during the relevant class period.
The Court has not decided who is right or wrong. There is no money available now, and no guarantee there will be. However, your legal rights are affected, and you have a choice to make now.
| YOUR LEGAL RIGHTS AND OPTIONS IN THE SETTLEMENT: |
| DO NOTHING |
Stay in this lawsuit. Await the outcome. Give up certain rights.
By doing nothing, you keep the possibility of getting money or benefits that may come from a trial or a settlement. But you give up any rights to sue Defendants separately about the same legal claims in this lawsuit. You will be bound by the result of this lawsuit. |
| Ask To Be Excluded |
Get out of this lawsuit. Get no benefits. Keep your rights to sue.
If you ask to be excluded from this lawsuit and money or benefits are later awarded, you will not share in those. But you keep any rights to sue Defendants separately about the same legal claims in this lawsuit.
The deadline to request exclusion is April 5, 2024. |
How do I obtain more information?
Detailed information about the Settlement is contained in the Notice, a copy of which can be found in the menu at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-888-256-6154 or emailing info@RippleClassAction.com or mailing a letter to:
In re Ripple Labs, Inc. Litigation,
c/o JND Legal Administration
P.O. Box 91472
Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.
© JND Legal Administration. All rights reserved.
