R3, Ripple Settle for Undisclosed Figure - Progressive Law Practice

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R3, Ripple Settle for Undisclosed Figure

Written by PLP News

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R3 and Ripple settled a protracted lawsuit regarding XRP tokens once worth $19 billion. So reports Crypto Globe.

Last year, R3 filed a lawsuit in Delaware Chancery Court alleging Ripple violated an agreement by failing to sell five billion XRP tokens at $0.0085 each. However, Ripple responded with a lawsuit in California alleging R3 failed to “fulfill obligations under the partnership agreement,” and had forgone the right to get the tokens," according to the article. The terms of the agreement were not disclosed.

Read the full article from Crypto Globe.

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