Patent infringement case against Ripple dismissed

by | Feb 8, 2020

Large and successful companies like Apple and Amazon face lawsuits all the time. It is part of doing business and being successful. Ripple is no exception to this rule. Ripple has faced quite a few lawsuits since its inception, with the most notable being the R3 lawsuit, the lawsuits claiming Ripple sold unregistered securities and the patent infringement case.

The R3 lawsuit was settled back in September 2018, while the unregistered security lawsuits were consolidated into one case, which Ripple recently moved to have dismissed. In the third case, a patent infringement lawsuit filed by Cooperative Entertainment Inc., Ripple filed a motion to dismiss a month ago, on January 9.

Since then, Cooperative Entertainment, Inc. filed an amended complaint, in which Ripple was due to reply. Ripple did not reply to the amended complaint, hence its motion to dismiss the original complaint was denied as moot on February 4. However, on February 6, Cooperative Entertainment, Inc. filed for voluntary dismissal. While it is possible that the two parties reached a settlement, no reasoning behind this decision was stated. The lawsuit was dismissed with prejudice, meaning that this case can’t be brought back to court.

Image
Image

This means that Ripple is now facing only one lawsuit, the Zakinov v. Ripple Labs, Inc. (4:18-cv-06753) lawsuit, in which Judge Phyllis J. Hamilton has taken Ripple’s motion to dismiss under submission, on January 15th. This means that she will announce her decision at a later date.

Latest News

Are XRP holders dumping? XRP Richlist stats explained!

October 28, 2021
The ledger exposed XRP Richlist stats site, a useful tool that brings additional transparency to the XRPL, has often been misinterpreted. I try to explain how the website works and what other parameters need to be taken into consideration while using it.

Ripple invests in digital asset custody platform for banks, FIs, asset managers, exchanges, and corporations

October 6, 2021
Ripple invests in digital asset custody platform for banks, FIs, asset managers, exchanges, and corporations

Pan-African banking conglomerate integrates RippleNet!

October 5, 2021
Pan-African banking conglomerate integrates RippleNet!

500 Financial Institutions using RippleNet. Survey: RippleNet used by 21% of Banks & PSPs.

September 30, 2021
500 Financial Institutions using RippleNet. Survey: RippleNet used by 21% of Banks & PSPs.

RippleNet arrives in Haiti, quietly helps families affected by the earthquake.

September 23, 2021
RippleNet arrives in Haiti, quietly helps families affected by the earthquake