August 09, 2018By Robert Johnson
“Rosen Law Firm, a global investor rights law firm, announces it is investigating whether Ripple Labs, Inc. violated federal securities laws in connection with the sale of Ripple’s XRP tokens. Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by purchasers of Ripple’s XRP tokens. If you purchased Ripple’s XRP tokens, please visit the firm’s website to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.”Moreover:
“Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.”You can see the full statement on the Rosen Legal website, here. This is bad news for Ripple and even worse news for XRP. The more lawsuits and the more actions that get taken out against Ripple and XRP, the harder it is going to be for Ripple to actually win this case. So long as these actions are active, XRP won’t see any significant new exchange listings, nor is it likely to see any dramatic price gains, instead, XRP is just being left to stagnante in what seems to be an already poor market. At the time of writing, XRP is valued at $0.341, down 3.08%, way down from its ATH of $3.84, edging ever closer to its average bottom, nearing $0.15.