XRP Token Buyer Drops Last Surviving Claim in Ripple Labs Suit

An XRP token buyer agreed to drop his a California securities law claim that was keeping alive a seven-year-old lawsuit against Ripple Labs Inc.

Ripple waived the right to collect on costs taxed against the buyer in the US District Court for the Northern District of California and Court of Appeals for the Ninth Circuit, the parties said, seeking a dismissal of the suit April 3. Judge Phyllis Hamilton tossed the token buyer’s federal securities law allegations in 2024, letting stand the state law claim over a statement by Ripple CEO Brad Garlinghouse advocating holding onto XRP when he sold ...