In the superior court of California County of San MATEO filed a lawsuit against kollektivny startup Ripple Labs, XRP II, and its head Brad Garlinghouse (Brad Garlinghouse), as well as another 25. plaintiff sakinaw of Vladi (Vladi Zakinov) believes that the XRP tokens are unregistered securities, and he invested in the project in January of this year, along with other investors is affected by the misrepresentation by the party.

Zakirov invited the court to draw attention to the fact that the project is open to the public offers of securities as a token, ignoring the need for their registration and funds from the sale uses to Finance companies, with investors exposed to significant risks and can’t control Ripple and XRP.

Ripple in a statement Zakirova considered unproven extortion.

Recall that in early may the first lawsuit against Ripple, XRP II, Garlinghouse and another 10 people on behalf of all investors was filed by the American Ryan Coffey (Coffey, Ryan). He accused them of violating Federal securities law and California Code of corporations. And previously the former head of the Commission on urgent exchange trade of the USA (CFTC) Gary Gensler (Gary Gensler) stated that Ethereum and Ripple can represent unregistered securities, while Ripple will be difficult to prove otherwise, as the company controls a significant portion of the token and the development of the project.