Latest news with #SecondCircuitCourt
Yahoo
5 days ago
- Business
- Yahoo
SEC's Long-Running Case Against Ripple Officially Over
The U.S. Securities and Exchange Commission's 2020 lawsuit against Ripple Labs is officially over, after the two parties informed the Second Circuit Court of Appeals that they were voluntarily dismissing their respective appeals of a 2023 ruling in the case. The SEC and Ripple will each bear their own costs, the filing said on Thursday. The joint stipulation ends the legal battle between the SEC and Ripple which began in 2020 after the SEC sued Ripple in 2020 under former Chair Jay Clayton (who now runs the U.S. Attorney's Office for the Southern District of New York) alleging it violated securities laws through the sale of XRP, the token closely associated with the company. XRP jumped 5% after Thursday's filing, trading around $3.27 as of press time. The SEC filed an appeal in 2024 after a district judge's ruling in 2023 said that Ripple making XRP available to retail traders through exchanges, while Ripple cross-appealed to maintain its arguments in the case. The parties agreed to drop their respective appeals in June, Ripple CEO Brad Garlinghouse said at the time, leaving District Judge Analisa Torres' penalties in place. These penalties were tied to her finding that Ripple had violated securities laws in selling XRP to institutional traders, and included $125 million in fines and a permanent injunction against further violations of the law. Ripple and the SEC paused their appeals earlier this year after Donald Trump retook office as U.S. president and installed new leadership at the agency. The SEC has dropped over a dozen cases and investigations into crypto companies in the last few months. The parties attempted to negotiate these penalties down, but multiple attempts were rejected by Judge Torres over procedural and other concerns.
Associated Press
23-05-2025
- Associated Press
Restraining order against Maui doctor is dismissed because he's being held without bail
WAILUKU, Hawaii (AP) — A judge on Friday dismissed a petition for a temporary restraining order against a Maui anesthesiologist accused of attempting to kill his wife on a Honolulu hiking trail. Gerhardt Konig's wife initially filed the petition after he allegedly pushed her toward the edge of a cliff, attempted to inject her with a syringe and then bashed her head with a rock. But her attorney, Brandon Segal, told the judge the restraining order was now unnecessary because Konig was being held without bail during the criminal case against him. Segal said his client may refile petition if Konig's custody status changes. Second Circuit Court Judge Bevanne J. Bowers on Maui approved the motion after Konig's attorney had no objection. Konig pleaded not guilty to an attempted murder charge in April. He's been held without bail since his March 28 indictment. Konig and his wife were visiting Oahu from their home on Maui to celebrate her birthday when he allegedly tried to kill her on the hiking trail, prosecutors said. The wife's petition said Konig accused his wife in December of having an affair and that they had been in therapy and counseling. She also said her husband has sexually abused and assaulted her. The Associated Press does not name people say they have been sexually abused unless they come forward publicly.
The Independent
23-05-2025
- The Independent
Restraining order against Maui doctor is dismissed because he's being held without bail
A judge on Friday dismissed a petition for a temporary restraining order against a Maui anesthesiologist accused of attempting to kill his wife on a Honolulu hiking trail. Gerhardt Konig's wife initially filed the petition after he allegedly pushed her toward the edge of a cliff, attempted to inject her with a syringe and then bashed her head with a rock. But her attorney, Brandon Segal, told the judge the restraining order was now unnecessary because Konig was being held without bail during the criminal case against him. Segal said his client may refile petition if Konig's custody status changes. Second Circuit Court Judge Bevanne J. Bowers on Maui approved the motion after Konig's attorney had no objection. Konig pleaded not guilty to an attempted murder charge in April. He's been held without bail since his March 28 indictment. Konig and his wife were visiting Oahu from their home on Maui to celebrate her birthday when he allegedly tried to kill her on the hiking trail, prosecutors said. The wife's petition said Konig accused his wife in December of having an affair and that they had been in therapy and counseling. She also said her husband has sexually abused and assaulted her. The Associated Press does not name people say they have been sexually abused unless they come forward publicly.
