As reported by Bitcoinist, Ripple has recently received a lawsuit from one of its investors, Ryan Coffey. According to him, the management of the project used illegal methods to manipulate the price of Ripple’s tokens, XRP. Such activities supposedly resulted in large financial losses for the investor.
The plaintiff has also mentioned in the lawsuit that the representatives of Ripple put out misleading information and fooled the investors. He even claimed that they broke a few federal laws.
The lawsuit made it to US Northern District of California court which has carefully studied all the evidence and come to the conclusion that Ripple was innocent.
We would like to remind you that Ripple has recently partnered up with two major celebrities.
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