/biz/ - Business & Finance

>>25072611
>what is appellate court
Rhetorical question...your state appointed attorney likely never sought appeals for your niggerdry.
>In the ruling, Judge Hamilton agreed that lead plaintiff Bradley Sostack had failed to support two claims relating to a series of allegedly fraudulent statements made by Ripple and Garlinghouse in 2017.
>As such, Ripple's motion to dismiss the sixth claim over misleading XRP advertisements and a seventh alleging an illegal securities issuance.
>However, Judge Hamilton also denied other portions of Ripple's motion to dismiss the lawsuit, which was amended at the end of February.
>These include a fourth claim relating to the allegation that Garlinghouse "misrepresented the status" of his XRP investment.
>At issue is the CEO's claim to have been "very, very long XRP as a percentage of my personal balance sheet," when in fact he had sold off millions of dollars in the cryptocurrency.
>However, Sostack may now proceed with four of the 10 claims only on the basis of Garlinhouse's alleged misrepresentations pertaining to the "scope and character of his XRP holdings."
>These claims include statements about banks utilizing XRP to source liquidity and an increase in the token's demand based on its "value proposition."