According to Golden Finance, January 11 was set as the court hearing date for the protracted legal dispute between Ripple and a group of XRP investors. The outcome of the case is of great significance as it may set another precedent for the crypto industry and its stakeholders.
Crypto Eri, a well-known member of the XRP community, said that the court hearing scheduled for January 11 will focus on the motion to approve the form and manner of the class notice. This means that the court will establish certain legal procedures to guide both parties throughout the case.
Previously, a judge had approved a class action lawsuit, despite Ripple's argument that there were not enough people to file a lawsuit. If such investors ultimately prevail over the cryptocurrency company, Ripple could be forced to part ways and receive huge compensation.
