Description
Class action suit against Ripple Labs and Brad Garlinghouse, alleging that they offered and sold unregistered securities.
Legal Significance
This court explicitly rejected Judge Torres’ opinion in SEC v. Ripple, finding that the “expectation of profits from the efforts of others” prong of Howey is satisfied with respect to secondary transactions.
Status
Motion to Dismiss
Case No.
4:18-cv-06753
Date Filed
November 7, 2018
Plaintiff
Vladi ZakinovAvner GreenwaldDavid OconerBradley SostackTyler ToomeyMarkas SergalisBitcoin Manipulation Abatement LLCDaniel Simmons
Defendant
Ripple Labs Inc.XRP II LLCBradley GarlinghouseChristian A. LarsenRon WillAntoinette O'GormanEric van MiltenburgSusan AtheyZoe CruzKen KursonBen LawskyAnja ManuelTakashi OkitaMCO Malta Dax LimitedForis Dax Global LimitedForis Dax Inc.
Court
USDC Northern District of California
Plaintiff Counsel
Scott+Scott Attorneys at Law LLPTaylor-Copeland LawSusman Godfrey LLPBursor & Fisher P.A.
Defendant Counsel
King & Spalding LLPKellogg Hansen Todd Figel & Frederick PLLCDebevoise & Plimpton LLPK&L Gates LLP
Major Filings
Related Developments
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CFTC v. 1Pool
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CFTC v. Binance
CFTC v. Binance
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CFTC v. Celsius
CFTC v. Celsius
Complaint Filed
CFTC v. Coin Drop Markets
CFTC v. Coin Drop Markets
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CFTC v. Debiex
CFTC v. Debiex
Complaint Filed
CFTC/FTC v. Voyager
CFTC/FTC v. Voyager
Motion to Dismiss
Combs v. SafeMoon (SafeMoon Class Action)
Combs v. SafeMoon (SafeMoon Class Action)
Motion to Dismiss
Cress v. Nexo Financial LLC
Cress v. Nexo Financial LLC
Motion to Dismiss
FTC v. Celsius
FTC v. Celsius
Motion to Dismiss
Harper v. O’Neal (Shaq Class Action)
Harper v. O’Neal (Shaq Class Action)
Motion to Dismiss
Holland v. CryptoZoo
Holland v. CryptoZoo
Motion to Dismiss
Hunichen v. Atonomi LLC (Atonomi Class Action)
Hunichen v. Atonomi LLC (Atonomi Class Action)
Settled
In Re Ripple Labs Inc. Litigation
In Re Ripple Labs Inc. Litigation
Motion to Dismiss
Karnas v. McCarter & English (NBA and McCarter & English Class Action)
Karnas v. McCarter & English (NBA and McCarter & English Class Action)
Complaint Filed
Kent v. PoolTogether
Kent v. PoolTogether
Dismissed
Messieh v. HDR Global Trading Ltd. (BitMEX)
Messieh v. HDR Global Trading Ltd. (BitMEX)
Motion to Dismiss
Moeller-Bertram v. Gemini
Moeller-Bertram v. Gemini
Dismissed
Morgan v. Constellation
Morgan v. Constellation
Dismissed
Owen v. Elastos Foundation (Elastos Class Action)
Owen v. Elastos Foundation (Elastos Class Action)
Settled
Patterson v. Jump Trading
Patterson v. Jump Trading
Appeal
Patterson v. TerraForm Labs Pte Ltd. (Terra [Luna] Class Action)
Patterson v. TerraForm Labs Pte Ltd. (Terra [Luna] Class Action)
Motion to Dismiss
Risley v. Uniswap Labs (Uniswap Class Action)
Risley v. Uniswap Labs (Uniswap Class Action)
Appeal
SEC v. 1Pool
SEC v. 1Pool
Settled
SEC v. AirFox
SEC v. AirFox
Cease-and-Desist
SEC v. American CryptoFed DAO
SEC v. American CryptoFed DAO
Cease-and-Desist
SEC v. Arbitrade
SEC v. Arbitrade
Motion to Dismiss
SEC v. BarnBridge DAO
SEC v. BarnBridge DAO
Settled
SEC v. Beaxy
SEC v. Beaxy
Settled
SEC v. Binance
SEC v. Binance
Motion to Dismiss
SEC v. BitClave
SEC v. BitClave
Cease-and-Desist
SEC v. BitConnect
SEC v. BitConnect
Complaint Filed
SEC v. Bitqyck
SEC v. Bitqyck
Settled
SEC v. Bittrex
SEC v. Bittrex
Settled
SEC v. Blockchain of Things
SEC v. Blockchain of Things
Cease-and-Desist
SEC v. Caroline & Gary Wang (FTX)
SEC v. Caroline & Gary Wang (FTX)
Settled
SEC v. Celsius
SEC v. Celsius
Settled
SEC v. CoinDeal
SEC v. CoinDeal
Settled
SEC v. Coinseed
SEC v. Coinseed
Settled
SEC v. Crowd Machine
SEC v. Crowd Machine
Settled
SEC v. DeSalvo
SEC v. DeSalvo
Complaint Filed
SEC v. Dragonchain
SEC v. Dragonchain
Complaint Filed
SEC v. Dropil
SEC v. Dropil
Settled
SEC v. Eisenberg (Mango Markets Hacker)
SEC v. Eisenberg (Mango Markets Hacker)
Complaint Filed
SEC v. Elbanna
SEC v. Elbanna
Settled
SEC v. Green United
SEC v. Green United
Motion to Dismiss
SEC v. Grybniak et al
SEC v. Grybniak et al
Complaint Filed
SEC v. Hydrogen Technology Corp.
SEC v. Hydrogen Technology Corp.
Settled
SEC v. Kik
SEC v. Kik
Settled
SEC v. Krstic, DeMarr & Enos
SEC v. Krstic, DeMarr & Enos
Complaint Filed
SEC v. LBRY
SEC v. LBRY
Settled
SEC v. Lee (Bitcoin Beautee)
SEC v. Lee (Bitcoin Beautee)
Complaint Filed
SEC v. Meta 1 Coin Trust
SEC v. Meta 1 Coin Trust
Settled
SEC v. Munchee
SEC v. Munchee
Cease-and-Desist
SEC v. Paragon Coin, Inc.
SEC v. Paragon Coin, Inc.
Cease-and-Desist
SEC v. Quantstamp
SEC v. Quantstamp
Settled
SEC v. Ripple
SEC v. Ripple
Settled
SEC v. SafeMoon
SEC v. SafeMoon
Complaint Filed
SEC v. SBF
SEC v. SBF
Complaint Filed
SEC v. Sharma et al
SEC v. Sharma et al
Settled
SEC v. ShipChain
SEC v. ShipChain
Cease-and-Desist
SEC v. Shopin
SEC v. Shopin
Settled
SEC v. SoluTech
SEC v. SoluTech
Cease-and-Desist
SEC v. Sparkster
SEC v. Sparkster
Cease-and-Desist
SEC v. Sun
SEC v. Sun
Motion to Dismiss
SEC v. Telegram
SEC v. Telegram
Settled
SEC v. TerraForm (Luna)
SEC v. TerraForm (Luna)
Settled
SEC v. Thor
SEC v. Thor
Settled
SEC v. Tierion
SEC v. Tierion
Cease-and-Desist
SEC v. Tomahawk
SEC v. Tomahawk
Settled
SEC v. Uulala
SEC v. Uulala
Settled
SEC v. Veritaseu
SEC v. Veritaseu
Settled
SEC v. Wireline
SEC v. Wireline
Cease-and-Desist
Teed v. Chen
Teed v. Chen
Motion to Dismiss
Thomson vs. Persistance Technologies
Thomson vs. Persistance Technologies
Complaint Filed
Underwood v. Coinbase Global Inc.
Underwood v. Coinbase Global Inc.
Settled
USA v. Eisenberg
USA v. Eisenberg
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USA v. Faiella aka “BTCKing”
USA v. Faiella aka “BTCKing”
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USA v. Kane
USA v. Kane
Appeal
USA v. Scotese
USA v. Scotese
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Williams v. Binance
Williams v. Binance
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Williams v. Block.One (Block.One Class Action)
Williams v. Block.One (Block.One Class Action)
Settled