A securities lawsuit against Ripple CEO Brad Garlinghouse will go to trial in California, CoinDesk reports. Judge dismisses several other allegations in the lawsuit. A California judge has ruled that a civil securities lawsuit against Ripple will go to trial, partially denying the judgment sought by the crypto company in a lawsuit alleging that its CEO violated state securities laws in 2017. The jury will hear arguments about whether Ripple CEO Brad Garlinghouse made "misleading statements" related to securities sales in a 2017 television interview. The plaintiffs accuse Garlinghouse of violating California's securities laws, claiming that he sold "millions of XRP" on various cryptocurrency exchanges simultaneously in 2017 while claiming that he was "very, very bullish" on XRP. According to court documents, Ripple's lawyers argued that the claim should be dismissed because XRP does not meet the definition of a security under the Howey Test and therefore "cannot give rise to a claim based on misleading statements related to securities."