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Judge Rejects SEC Motion to Appeal Ripple Ruling
Added at 7:10pm
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SEC vs Ripple Full Order
Plaintiff, the Securities and Exchange Commission (the “SEC”), brings this action against Defendants Ripple Labs, Inc. (“Ripple”) and two of its senior leaders, Bradley Garlinghouse and Christian A. Larsen, alleging that Defendants engaged in the unlawful offer and sale of securities in violation of Section 5 of the Securities Act of 1933 (the “Securities Act”), 15 U.S.C. §§ 77e(a), (c). Am. Compl. 9, 430–35, ECF No. 46. The SEC also alleges that Larsen and Garlinghouse aided and abetted Ripple’s Section 5 violations. Id. 9, 436–40. On July 13, 2023, the Court granted in part and denied in part ... (full story)