TL;DR
Ripple is set to participate in a significant motion hearing for the Zakinov v Ripple Labs case later this month.
The case, initiated in May 2018 by XRP holders against Ripple, alleges misleading information and illegal XRP sales as an unregistered security.
Additionally, Ripple’s well-known legal conflict with the US SEC, starting in December 2020 over unregistered XRP security offerings, is highlighted, with a major trial scheduled for April 23, 2024.
Ripple’s Participation in Another Major Case
The case of Zakinov v Ripple Labs is nearing a significant development, with a motion hearing scheduled for January 11. The session will be held via a Zoom webinar before Judge Phyllis J. Hamilton and aims to approve the form and manner of class notice. Members of the public or media can access the hearing via a designated online link.
The lawsuit started in May 2018 when a group of XRP holders sued the crypto company, alleging it of providing misleading information and breachin
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