Ripple Labs Inc. v. YouTube LLC
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA San Francisco Division RIPPLE LABS INC., et al., Case No. 20-cv-02747-LB
Plaintiffs,
ORDER GRANTING MOTION TO
v. DISMISS
YOUTUBE LLC, Re: ECF No. 26 Defendant. 16 INTRODUCTION The plaintiffs, Ripple Labs and its CEO Bradley Garlinghouse (collectively, “Ripple”), developed a cryptocurrency called XRP. Scammers impersonated Ripple on YouTube (in part by using Ripple’s federally registered trademarks and publicly available content such as interviews with Mr. Garlinghouse) to make it look like they were Ripple and thus perpetuated a fraudulent “giveaway,” promising that if XRP owners sent 5,000 to one million XRP to a “cryptocurrency wallet,” then the XRP owners would receive 25,000 to five million XRP. In fact, the XRP owners who responded to the scam lost their XRP and received no XRP in return. The plaintiffs sued defendant YouTube for not doing enough…