In a civil case against Ripple for technological startups will be protected by two ex-representative of the Commission on securities and exchange Commission (SEC).
Monday on the website Law.com there is information about what Ripple Labs used the services of the law firm Debevoise & Plimpton, namely, the former Chairman of the securities and exchange Commission Mary Jo white (Mary Jo White) and the head of the Supervisory division of the SEC from 2013 through 2016, Andrew Suresne (Andrew Ceresney).
Earlier, we talked in detail about the lawsuit, which in early may was submitted by one of the investors named Ryan Coffey (Coffey, Ryan). The essence of his claim is that, according to Coffey, a token of the company’s XRP is a valuable paper.
Among the defendants are the company Ripple Labs, XRP-II and the CEO of a startup Garlinghouse brad (Brad Garlinghouse).
According to information provided on the website Law.com this case was transferred from the Supreme court, County of San Francisco in the District court of the United States for the Northern district of California.
I should add that at the end of may it became known about plans of a startup XRP to separate from the core business. Additionally, Ripple has disputed the claim and stated that he does not consider your token XRP securities.