Irreparable damage to the Ripple: the court of Appeal in San Francisco dismissed a lawsuit against R3

Irreparable damage to the Ripple: the court of Appeal in San Francisco dismissed a lawsuit against R3

Ripple Labs Inc. you will not be able to resolve your loud argument with a rival blockchain is a consortium of R3, at least in California. Instead, clash of the titans is transferred to the courtroom in new York, which will decide the final outcome.

Court of the state of San Francisco dismissed the appeal of Ripple, in which the company requested on appeal the judge’s decision from the Delaware about the lawsuit against R3 Holdco LLC in October 2017. According to unconfirmed reports, the representatives of the Ripple among themselves to discuss the fact that the company “will face irreparable damage.”

The battle between the two major blockchain developers have not begun recently, and the decision of the court of appeal of the state of San Francisco did not help her to finish. In 2016, the two companies announced a very promising partnership that promises mutual benefit. But in September of 2017 after breaking the agreement, R3 and Ripple have filed mutual claims over a dispute about the contract.

R3 sued for Ripple, accusing the company of violating the partnership agreement. The Ripple tore up the contract, which gave R3 the right to purchase up to 5 billion XRP at a price of $0.0085 per unit.

The denial of the claim Ripple in San Francisco now means that cryptocurrency giant will have to fight with R3 in its territory in new York. The stakes are very high! If R3 wins this fight, I will have 5 % package most profitable cryptocurrency 2017, especially not spend.

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