Ripple Can’t Escape XRP Lawsuit It Says Could Topple Market (2)

Ripple Labs Inc. failed to persuade a judge to throw out a proposed class-action lawsuit that the blockchain payment services provider said could topple the market for XRP, the world’s third-largest virtual currency.

A federal judge in Oakland, California, on Wednesday somewhat narrowed the claims against Ripple but left largely intact a complaint by investors accusing the company of selling unregistered securities.

The judge disagreed with Ripple’s argument that the lawsuit wasn’t timely because it was filed more than five years after XRP was offered in 2013.

Ripple said in a November court filing that if the case were ...