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Deaton Fights For The XRP Army—Again: New Legal Battle Begins

  • XRP investors are involved in a securities-fraud class action against former Linqto CEO William Sarris, accusing him of imposing high mark-ups on pre-IPO Ripple shares and other private-company equity.
  • Lead counsel John E. Deaton, known for representing XRP holders in SEC v. Ripple, argues that Sarris misled investors and damaged the mission of providing access to Silicon Valley.
  • Investor outreach has faced challenges, with Deaton's attempts disrupted, leading to plans for alternative communication methods. Restructuring discussions and regulatory pressures are ongoing for Linqto.
  • Linqto faces bankruptcy, regulatory investigations, and internal challenges, with investors seeking to influence the bankruptcy process. XRP was trading at $2.42 at the time of reporting.

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