![]() ![]() It is not offered or intended to be used as legal, tax, investment, financial, or other advice. This article is provided for informational purposes only. The courts will provide this clarity and we are very confident in our position.” We are disappointed that Tetragon is seeking to unfairly take advantage of the lack of regulatory clarity here in the U.S. If the Ripple Court case is resolved, Tetragon could re-rate back to the. Since there has been no such determination, this lawsuit has no merit. Tetragon shareholders at no added risk and without employing additional capital. “In Ripple’s Series C investment agreement, there is a provision that if XRP is deemed to be a security on a go forward basis, then Tetragon has the option of having Ripple redeem their Ripple equity. ![]() The company has asked the court for a temporary restraining order, a preliminary injunction, and an expedited trial.įollowing the publication of this report, Ripple addressed the legal filing in a statement posted to its website, stating: Tetragon also wants to block Ripple from using any cash or other liquid assets until the payment is made. Tetragon filed its complaint on Monday in Delaware Chancery Court, seeking to "enforce its contractual right to require Ripple to redeem" Series C preferred stock, per the report. Securities and Exchange Commission (SEC), according to a report by Bloomberg. Tetragon Financial Group, the lead investor of Ripple's $200 million Series C, has sued the company after a recent complaint by the U.S. Kepler Partners LLP is authorised and regulated by the Financial Conduct Authority (FRN 480590), registered in England and Wales at 70 Conduit Street, London W1S 2GF with registered number OC334771.Ripple is facing yet another lawsuit, this time from one of its investors. A copy of the firm’s Conflict of Interest policy is available on request. Kepler Partners LLP (including its partners, employees and representatives) or a connected person may have positions in or options on the securities detailed in this report, and may buy, sell or offer to purchase or sell such securities from time to time, but will at all times be subject to restrictions imposed by the firm’s internal rules. Any prices or quotations contained herein are indicative only. This is not an official confirmation of terms and is not a recommendation, offer or solicitation to buy or sell or take any action in relation to any investment mentioned herein. Any views and opinions, whilst given in good faith, are subject to change without notice. No representation or warranty, express or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. The information contained in this website is not intended to constitute, and should not be construed as, investment advice. Persons who access this information are required to inform themselves and to comply with any such restrictions. In particular, this website is exclusively for non-US Persons. The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject Kepler Partners LLP to any registration requirement within such jurisdiction or country. This report has been issued by Kepler Partners LLP, is based on factual information only, is solely for information purposes only and any views contained in it must not be construed as investment or tax advice or a recommendation to buy, sell or take any action in relation to any investment. Cryptocurrency XRP reacted negatively to the news and dropped nearly 5 following the news. Kepler Partners is not authorised to make recommendations to retail clients. Tetragon Financial Group filed a complaint against Ripple Labs in Delaware Chancery Court and asked the San Francisco-based company to redeem Tetragon’s Series C preferred stock. It is strongly recommended that if you are a private investor independent financial advice should be taken before making any investment or financial decision. ![]() The value of investments can fall as well as rise and you may get back less than you invested when you decide to sell your investments. Past performance is not a reliable indicator of future results. The analyst who has prepared this report is aware that Kepler Partners LLP has a relationship with the company covered in this report and/or a conflict of interest which may impair the objectivity of the research. This report has been issued by Kepler Partners LLP. ![]()
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