A consortium of R3 and Ripple announced the agreement “for all ongoing court cases”. All claims between HoldCo LLC R3, R3, LLC, Ripple Labs Inc., and the XRP II, LLC was withdrawn.

Representatives of the companies stressed that all details of the agreement remain confidential and both sides hope to resolve all disputes between them.

The consortium claims the R3 to Ripple Labs was filed in September 2017 in Delaware and new York. Blockchain startup was accused of violation of the agreement between the companies about the purchase of digital currency, XRP. We are talking about clause allowing R3 to by 5 billion coins XRP at a fixed price of $0,0085 at any time before the end of 2019.

However, the court of Delaware dismissed the action. Also, the appeal was rejected, Ripple, filed in San Francisco.

We will note, earlier the court rejected a class-action lawsuit filed by investor Ryan Coffey vs Ripple Labs Inc. on behalf of all the people who bought XRP tokens after 1 January 2013. The company was accused of illegal manipulation of the price of XRP.

Some time later, the California Supreme court has consolidated the two class action against Ripple, accused of violating the law in the field of securities and market manipulation.

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