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In the latest update on the Ripple Labs lawsuit, the plaintiff filed a notice about costs taxed in the appeals court. Ripple submitted a “bill of costs” after the district court ruled in its favor, requesting compensation for time and expenses spent on the lawsuit over alleged securities violations.
Lead plaintiff Bradley Sostack has filed an appeal challenging the $210,591.52 in costs taxed against class plaintiffs in the U.S. Court of Appeals for the Ninth Circuit. The lead plaintiff and class objected to Ripple’s bill of costs and requested the court either deny or reduce the costs.
Despite this, the court ruled in favor of Ripple, XRP II, and CEO Brad Garlinghouse in the summary judgment. The class claims involved unregistered offers and sales of securities, liabilities of Ripple and Brad Garlinghouse as control person, and California securities law violations.
Ripple filed a bill of costs, along with a declaration from Litigation Director Ana Guardado and 65 exhibit documents outlining litigation costs, lawyer expenses, and other details related to the XRP lawsuit. This was likely in response to wasted time and incurred expenses.
Notably, the lawsuit has now concluded, with the parties agreeing there was no reason to delay judgment as the class claims were resolved. Additionally, the Trump administration plans to end most lawsuits against crypto companies and establish a clearer regulatory framework.
