<ul><li>Judge allows civil lawsuit against Ripple, alleging CEO Garlinghouse made misleading statements in 2017.</li><li>The judge dismissed four allegations about Ripple&#39;s XRP registration, and one claim went to trial.</li><li>XRP may see a 1700% increase if it closes above $0.55-$0.58 in 10 days.</li></ul>A United States federal court judge has allowed a civil securities lawsuit against Ripple Labs to proceed. The <a href="https://storage.courtlistener.com/recap/gov.uscourts.cand.334410/gov.uscourts.cand.334410.419.0.pdf" rel="noopener noreferrer nofollow">case</a> alleges that Ripple CEO Brad Garlinghouse violated California securities laws. California District Court Judge Phyllis Hamilton denied Ripple&#39;s summary judgment bid on June 20, meaning a jury will determine if Garlinghouse made misleading statements in a 2017 interview. However, the court dismissed four allegations related to Ripple&#39;s failure to register XRP as a security.The lawsuit claims Garlinghouse&#39;s statements during a 2017 interview on Canada’s BNN Bloomberg were misleading. He stated he was “very, very long” on XRP while allegedly selling millions of XRP throughout that year. Judge Hamilton noted that Ripple argued for dismissing the misleading statement claim, asserting that XRP is not a security under the Howey test.<a href="https://cryptotale.org/judge-greenlights-civil-securities-lawsuit-against-ripple-labs/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Judge Greenlights Civil Securities Lawsuit Against Ripple Labs

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