RATE Group | Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit
41974
post-template-default,single,single-post,postid-41974,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit

11 Sep Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit

Posted at 18:19h in Cryptocurrency News by

[ad_1]


Ripple R3 XRP

Blockchain companies Ripple and R3 have reached an undisclosed settlement on “all outstanding litigation,” putting an end to a legal spat involving a tranche of cryptocurrency tokens once worth as much as $19 billion.

In a brief statement published on Monday, the San Francisco-based Ripple announced the settlement, stating that the terms would remain confidential.

“R3 HoldCo LLC, R3 LLC, Ripple Labs Inc. and XRP II, LLC announce that they have reached a settlement of all outstanding litigation between the parties. The terms of the agreement will remain confidential and both sides look forward to putting these disputes behind them.”

The undisclosed settlement is the culmination of approximately one year of litigation between the two firms, a dispute which began after the two once-allied companies had a falling out over the terms of a partnership agreement.

Enterprise blockchain startup R3 originally sued Ripple in Sept. 2017, alleging in complaints filed in both…

[ad_2]

Source link

Tags:
, , , , , , ,