Bursor & Fisher Eyes Lead In Ripple Investors’ XRP Row

Law360 (June 2, 2021, 5:01 PM EDT) — Bursor & Fisher PA is seeking the lead counsel spot in a proposed class action against blockchain payment system Ripple Labs in Florida federal court, saying the firm is more than qualified to represent investors accusing the company of fraudulently selling more than 14 billion unregistered XRP tokens.

In a motion filed Tuesday, the firm said its “extensive” experience in nationwide class actions equips it to lead a January shareholder suit lodged against Ripple Labs Inc. and its cryptocurrency subsidiary, XRP II LLC, by investors who allege that Ripple sold $1.38 billion worth of XRP tokens under the misrepresentation that the…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!