Image credit: source

Law360 (January 15, 2021, 4:49 PM EST) — Delaware’s Chancery Court issued a temporary restraining order Friday limiting California-based Ripple Labs Inc.’s cryptocurrency transactions and equity redemptions after investor Tetragon sued to halt any Ripple virtual currency purchases until Tetragon can sell back its stock. 

Vice Chancellor Morgan T. Zurn issued the ruling after arguments on a Tetragon Financial Group Ltd. lawsuit filed Jan. 7 seeking an order preventing Ripple — one of the world’s largest virtual currency traders — from buying any additional XRP cryptocurrency or redeeming any other investor’s stock ahead of the redemption of Guernsey-based Tetragon’s stake.

Tetragon said its complaint and TRO motion were prompted…

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!


(Excerpt) Read more Here | 2021-01-15 14:49:00


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.