![Ripple Labs hit with securities class-action suit Ripple Labs hit with securities class-action suit](https://coingeek.com/wp-content/uploads/2018/05/ripple-labs-hit-securities-class-action-suit-380x188.jpg)
Ripple Labs hit with securities class-action suit
A San Francisco resident has filed a securities class action lawsuit, claiming that Ripple Labs has violated state and federal securities laws whilst engaging in illegal schemes to raise hundreds of millions of dollars through the sale of unregistered XRP tokens.