Johnson Fistel Investigates Ripple Labs, Inc. (XRP TOKEN); Investors Encouraged to Contact Firm
SAN DIEGO- PRNewswire —May 8, 2018
Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Ripple Labs, Inc. (CCC: XRP-USD) (“Ripple Labs”).
A class action lawsuit has been filed against Ripple Labs in the state of California. The complaint alleges that Ripple Labs violated Federal securities laws when selling its token called (“XRP”).
The suit claims that “defendants have since earned massive profits by quietly selling off this XRP to the general public…in order to increase demand for XRP, and thereby increase the profits it can derive by selling XRP, Ripple Labs has consistently portrayed XRP as a good investment, relayed optimistic price predictions, and conflated Ripple Labs’ enterprise customers with usage of XRP.”
If you have information that could assist in this investigation, including former employees and others, and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) by email or by phone at 619-814-4471. If you email, please include your phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com