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Ripple Hit with $125 Million Fine in SEC Lawsuit
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The SEC has won its lawsuit against Ripple Labs. The court has ordered Ripple to pay a $125 million fine and has issued a permanent injunction prohibiting the company from future securities law violations.
SEC v. Ripple Labs, Inc., Court Filing, retrieved on August 05, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This part is 5 of 5.
CONCLUSION
The SEC’s motion for remedies and the entry of final judgment is GRANTED IN PART and DENIED IN PART. The Court shall enter a final judgment enjoining Ripple from further violations of the securities laws and imposing a civil penalty of $125,035,150. The Clerk of Court is directed to terminate the motions at ECF Nos. 943, 948, and 951.
SO ORDERED.
Dated: August 7, 2024
New York, New York
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