Ripple being sued over XRP

[CryptoTC]

This borders on ridiculous. Class action lawsuit filed by a guy who claim XRP is unlawfully offered for sale after he loses 32%. No one makes you buy. No one makes you sell. It’s a risky investment.

The only people that win in class action lawsuits are the lawyers. Plaintiffs will get a coupon for a free cross border payment on xRapid, lawyers will get $50 million.

https://www.ccn.com/disgruntled-xrp-investor-hits-ripple-with-class-action-lawsuit/

“Ryan Coffey, the lead plaintiff in the case, claims that he purchased 650 XRP on Jan. 6, 2018, when the token was trading at $2.60. Less than two weeks later, on Jan. 18, he sold the entire stake for $1,105 in USDT (a USD-pegged token created by Tether), ultimately yielding a net loss of $551 — or 32 percent — due to price fluctuations between USD and USDT.

However, the case was brought on behalf of all XRP investors who purchased tokens after Jan. 1, 2013.

The case was filed by Taylor-Copeland law, a California-based law firm that specializes in blockchain and cryptocurrency-related cases.”

 

[The CC Forums]

Doesn’t seem to be affecting price at this point.

Suing a company because you lost money in a risky investment is pure failure to assume responsibility for your own actions.

I’ll bet the plaintiff had to answer to an angry spouse about the $550 loss. Or more likely his parents.

 

[cortanababy]

 

[BitFit]

Doesn’t seem to be affecting price at this point.

Suing a company because you lost money in a risky investment is pure failure to assume responsibility for your own actions.

I’ll bet the plaintiff had to answer to an angry spouse about the $550 loss. Or more likely his parents.

Lol. I missed this last time here. His parents.