6/25/2023 0 Comments Tetragon rippleTetragon's attorney claims that Ripple's attorneys are trying to misconstrue the language of the agreement to avoid paying back a gargantuan amount of USD to the U.K.-based investment giant. Ripple announced on Tuesday that it has bought back the shares from the investors who financed its 200 million Series C round in December of 2019. The new suit was prompted by the SEC’s own legal action against. Ahora, los problemas del XRP continan acumulndose despus de que Tetragon. UK-based investment firm Tetragon Financial Group is suing Ripple, the tech company behind the cryptocurrency XRP, according to a report from Bloomberg. XRPs woes continue to pile up after Tetragon revealed it had also sued Ripple. Tetragon led Ripple’s Series C funding round in 2019. This was during a Series-C funding effort that was led by Tetragon and pushed Ripple to its decacorn status -when its valuation exceeded the $10 billion mark. The lawsuit follows the SEC’s own 1.3 billion suit against Ripple. Tetragon signed the agreement when it invested an amount close to $180 million in late 2019. Ripple has scored a legal victory as the Delaware Chancery Court has turned down the request of Tetragon to redeem its investment from Ripple Labs. Zurn of the Delaware Chancery Court that Ripple Labs representatives are "playing word games" in court and are improperly twisting the wording of the shareholders' agreement. ![]() Tetragon Financial Group LTD, the multi-billion asset manager-turned-plaintiff, had led Ripple’s 200. ![]() Shuster from Holwell Shuster & Goldberg LLP, has told Vice Chancellor Morgan T. One of Ripple Labs’ big financial backers is looking to reverse its bet on the XRP issuer. Tetragon accuses Ripple of misconstruing wording of shareholders' agreement ![]() In particular, Ripple lawyers are allegedly misstating the terms of a 2019 agreement for shareholders, based on which Tetragon is demanding in court that all of Ripple's financial transactions are to be halted until the DLT company pays back Tetragon's investment of $175 million. Ripple Agent-2, age 42, is a Florida resident who served as Ripple’s Head of XRP Markets from November 2016 through April 2020.
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