Confirms

Attorney Confirms: Ripple ODL Customers Can Still Use Payment Solution Despite SEC Victory

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New York, NY – In a recent development, the Securities and Exchange Commission (SEC) has obtained a victory against Ripple, potentially leading to an injunction. However, Attorney Bill Morgan argues that such a ruling would not be able to restrict the usage of the On-Demand Liquidity (ODL) solution by its customers. Magistrate Sarah Netburn has granted the SEC’s motion to compel, sparking discussions among legal experts about the possibility of implementing an injunction to restrain ODL customers. The SEC had requested Ripple’s financial records pertaining to institutional sales of XRP to assess the necessity of … Read more

Landmark Disability Case: Ontario Court of Appeal Confirms Record $1.5 Million Punitive Damages Award Against Blue Cross Life Insurance

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Toronto, Ontario – In a landmark case against a disability insurer, the Ontario Court of Appeal has upheld the largest punitive damages award in Canadian history, amounting to $1.5 million. The decision in Sara Baker v. Blue Cross Life Insurance Company of Canada sheds light on the reasoning behind this substantial sum. Previously, the jury’s rationale for the award had remained unknown as they are not required to provide written reasons for their verdicts. The case revolves around Baker, who had suffered a stroke and brain bleed, rendering her unable to continue her job as … Read more