Chancery OKs Atty Fees For Ripple After Win Over Tetragon

Law360 (April 2, 2021, 7:28 PM EDT) — Cryptocurrency company Ripple has come out on top in a bid to make investor Tetragon Financial Group Ltd. pay its legal fees in a March win over Tetragon’s claim that an alleged securities default justified a lockup of Ripple’s assets.

In a document made public Friday, Vice Chancellor Morgan T. Zurn, granted what was originally a $3.2 million fee request from Ripple, although with unspecified modifications.

The court on March 19 shut down a Tetragon suit seeking to bar Ripple from using its assets for anything but redeeming Tetragon’s stock, rejecting claims that a federal regulator’s cryptocurrency-related suit had triggered Tetragon’s…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!