In re Ripple Labs Inc. Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

VLADI ZAKINOV, et al., Case No. 18-cv-06753-PJH Plaintiffs,

v. ORDER GRANTING IN PART AND

DENYING IN PART MOTION TO

RIPPLE LABS, INC., et al., DISMISS CONSOLIDATED FIRST

AMENDED COMPLAINT

Defendants. Re: Dkt. No. 102, 103, 109

Before the court is Defendant Ripple Labs, Inc.’s (“Ripple”), defendant XRP II, LLC’s (“XRP II”), and Ripple’s Chief Executive Officer, Bradley Garlinghouse (“Garlinghouse”) (collectively, “defendants”) motion to dismiss plaintiff Bradley Sostack’s (“plaintiff”) consolidated first amended complaint. Dkt. 102. Having read the parties’ papers and carefully considered their argument and the relevant legal authority, and good cause appearing, the court hereby GRANTS in part and DENIES in part defendants’ motion to dismiss. BACKGROUND This order addresses defendants’ second motion to dismiss in a consolidated putative class action (“In re Ripple”) that arises out of the…