An subpoena to the class-activity lawsuit against Ripple, filed March 25, included boosted claims of simulated advertising and unfair contest, "under the alternative theory that XRP is not a security."

The disgruntled investors' sixth and seventh claims for relief would announced to be a direct hedge in the outcome that the judge rules confronting the original suit suggesting that XRP was illegally sold as an unregistered security.

Hedging their bets

The filing included two boosted claims for relief, in relation to declared false advertising and unfair competition, both in violation of the California Business and Professions Code.

These additional claims for relief both state that they are beingness brought "under the alternative theory that XRP is not a security."

The claims act every bit a hedge for the possibility of the judge ruling that this is the case.

As Cointelegraph previously reported, the amended filing besides included the additional claim that Ripple CEO, Brad Garlinghouse, was touting XRP to prospective investors while silently liquidating his holdings.

Covering old grounds?

The long-running lawsuit was originally filed back in November 2022, although after much legal wrangling, it was only given the go-ahead to finally keep in Feb this yr.

Ripple's motion for the case to exist dismissed was but partially granted by the District Court judge, allowing the allegation that the XRP token was sold as an unregistered security to movement forward.

Nonetheless, the claims which the judge did meet fit to throw out included those of fake advertizing, and violation of California country police. The amended claims of faux advertisement and violation of country law are near identical in essence, other than relying on the theory that XRP is non a security.