NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, reminds investors that a lawsuit is pending against Ripple Labs, Inc. (“Ripple Labs” or the “Company”) and others (collectively, “Defendants”) regarding the violation of federal securities and other laws in connection with the sale of Ripple Labs’ XRP tokens (“XRP”), also known as “Ripples.” If you purchased Ripples ($XRP) between July 3, 2015 and the present, you may be eligible to recover damages and are encouraged to contact Scott+Scott attorney Rhiana Swartz at (844) 818-6980, or via email at rswartz@scott-scott.com for more information. The lead plaintiff deadline is approaching.
The lawsuit alleges that Ripple Labs and its wholly owned subsidiary, XRP II, LLP, and certain of Ripple Labs’ controlling senior executives and directors violated the Securities Act of 1933 (“Securities Act”) as well as California state laws. The lawsuit alleges that defendants sold unregistered securities to investors in violation of Sections 5, 12(a)(1), and 15 of the Securities Act and seeks to recover damages on behalf of all purchasers of XRP.
What You Can Do
If you purchased XRP between July 3, 2015 and the present, or if you have questions about this notice or your legal rights, please contact plaintiff’s counsel, Rhiana Swartz at (844) 818-6980, or via email at rswartz@scott-scott.com. The lead plaintiff deadline is May 20, 2019.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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