XRP News: Appeals Court Takes Up Ripple’s Litigation Costs Dispute

The XRP lawsuit continues to stir attention as the United States Court of Appeals for the Ninth Circuit reviews an appeal filed by lead plaintiff Bradley Sostack. The appeal challenges XRP’s “bill of costs” amounting to $210,591.52, which was taxed against the class plaintiffs following Ripple’s victory in district court.

This marks another chapter in the high-stakes legal battle that has kept the crypto community on edge for years.

Plaintiffs Challenge Ripple’s Costs in Court

XRP, after securing a summary judgment in its favor, submitted detailed litigation expenses, including lawyer fees and other costs. In response, the class plaintiffs objected to these costs, urging the court to reject or reduce Ripple’s claims.

Despite their objections, the court ruled in favor of Ripple, Brad Garlinghouse, and XRP II, underscoring the case’s resolution. The legal dispute revolved around allegations of unregistered securities sales, control-person liabilities, and violations of California securities laws.

Ripple’s defense emphasized the irrationality of the lawsuit and the resources wasted over years of litigation. With the judgment finalized, Ripple appears determined to recoup its expenses and close this chapter for good.

XRP Lawsuit Nears Conclusion as Costs Dispute Ends

Ripple’s submission of a bill of costs included a declaration by Litigation Director Ana Guardado and over 65 exhibits detailing expenses. These exhibits covered a wide range of litigation-related costs, illustrating the extensive resources required to defend against securities violation claims.

The move highlights Ripple’s push to resolve the case without further delays. Both parties acknowledged there was no reason to delay the judgment, as the class claims were fully resolved.

This marks a significant win for Ripple and its executives, who maintained that the lawsuit was baseless from the outset. Observers note this legal victory reflects a broader trend of courts favoring clearer regulatory frameworks for crypto companies.

XRP Community Awaits Ripple vs. SEC Lawsuit Outcome

As this chapter closes, the XRP community’s focus shifts to the long-running Ripple vs. SEC lawsuit. Legal experts predict the SEC, under Paul Atkins’ leadership, may avoid further appeals, signaling a potential resolution soon.

Some, like attorney Jeremy Hogan, anticipate the legal dispute could end by spring, bringing clarity to Ripple’s ongoing regulatory challenges.

The Ripple lawsuit underscores the evolving legal landscape for cryptocurrency firms navigating uncharted regulatory waters.

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