In re Ripple Labs Inc. Litigation

1 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

In re RIPPLE LABS, INC. LITIGATION Case No. 18-cv-06753-PJH

This Document Relates To: ORDER GRANTING IN PART AND

DENYING IN PART MOTION FOR

All Actions SUMMARY JUDGMENT Re: Dkt. 325, 326, 329

11 Defendants’ motion for summary judgment came on for hearing on May 30, 2024. Plaintiff appeared through his counsel, Nicholas Spear, Oleg Elkhunovich, Michael Tayag, and James Taylor-Copeland. Defendants appeared through their counsel, Bradley Oppenheimer, Andrew Michaelson, and Bethan Jones. Having read the papers filed by the parties and carefully considered their arguments and relevant authority, and good cause appearing, the court hereby rules as follows. BACKGROUND This is a securities case. The factual and procedural backgrounds of the case are lengthy, and largely laid out in the court’s previous orders. As relevant here, plaintiff Bradley Sostack asserts securities claims against defendants…