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Ripple Labs XRP Securities Class Action

Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases

Closed to new claims. Browse open settlements →

Where this case stands

Under appeal since February 18, 2026

An appeal was filed after the settlement was approved. Payments are on hold until the appeal is resolved, which commonly adds a year or more.

Pending in the United States District Court for the Northern District of California (No. 18-cv-06753-PJH).

  1. November 7, 2018
    Case filed
  2. April 5, 2024
    Opt-out deadline

    Last day to exclude yourself and keep the right to sue separately.

  3. February 18, 2026
    Appeal filed

    Payments wait until the appeal is resolved.

  4. April 6, 2026
    Case closed by the court

What happened

Ripple Labs and its CEO Bradley Garlinghouse are being sued over allegations related to the sale of XRP cryptocurrency. The lawsuit alleges federal and California state securities law violations regarding how XRP was sold to purchasers in the United States.

Do you qualify?

The Federal Securities Claims Class includes anyone who purchased XRP from July 3, 2017 through June 30, 2023 and either retained the XRP or sold it at a loss. The California State Securities Claims Class has the same terms but with broader sourcing requirements. Both classes are limited to US purchasers. Excluded are corporate officers, board members, senior executives of the defendants, their immediate families, and entities the defendants control.

How to file

No specific claim process or deadline for filing claims is described on this page. The page states that no money is currently available and there is no guarantee funds will be awarded. Contact the Claims Administrator at 1-888-256-6154, Info@RippleClassAction.com, or JND Legal Administration, P.O. Box 91472, Seattle, WA 98111 for more information as the case proceeds.

Common questions

What is the status of the Ripple Labs XRP Securities Class Action?
Under appeal since February 18, 2026. An appeal was filed after the settlement was approved. Payments are on hold until the appeal is resolved, which commonly adds a year or more.
Is the Ripple Labs XRP Securities Class Action notice real, or a scam?
JND Legal Administration is the court-appointed administrator. Claims are filed only at rippleclassaction.com. Filing is always free, and no administrator asks for payment or a full Social Security number by email or text.How to tell a real settlement notice from a scam →
Who are the attorneys in the Ripple Labs XRP Securities Class Action?
For the plaintiffs: Jason Bell (Susman Godfrey LLP); Thomas L. Laughlin , IV (Scott & Scott Attorneys at Law LLP); Michael Tayag (Office of the Federal Public Defender); Max Ambrose (Taylor-Copeland Law). For Ripple Labs Inc., XRP II LLC, and Bradley Garlinghouse: Bethan R Malay (Kellogg, Hansen, Todd, Figel and Frederick, P.L.L.C); Maxwell V. Pritt (Boies Schiller Flexner LLP); Prachee Sawant (King & Spalding LLP); Justin B. Berg (Kellogg Hansen Todd Fiegel and Frederick PLLC). From the public court docket.

Who's involved

Plaintiffs

  • Markas Sergalis
  • Tyler Toomey
  • Daniel Simmons(Consol Plaintiff)
  • Bitcoin Manipulation Abatement LLC(Consol Plaintiff)
  • Bradley Sostack
  • David Oconer
  • Avner Greenwald
  • Vladi Zakinov

Defendants

  • Foris Dax, Inc.
  • Foris Dax Global Limited
  • MCO Malta Dax Limited
  • Takashi Okita
  • Anja Manuel
  • Ben Lawsky
  • Ken Kurson
  • Zoe Cruz

+ 8 more

Counsel for plaintiffs

Counsel for defendants

Other cases these firms appear in

From the public court docket, contact details as filed; not an endorsement.

In the news

Headlines via NewsAPI.

Guides:Why is my settlement check so small?How long a settlement takes to pay outIs this settlement notice real, or a scam?

Summarised from public settlement documents; confirm terms on the official settlement website. ClaimWatch is not a law firm, and filing a claim is free.

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