The lawsuit, filed against Ripple Labs Inc and its CEO Bradley Glaring attempts to make the case XRP is a security – as it was issued, maintained, and supported by Ripple in clear violation of US regulatory laws. Managing partner of Robbins Arroyo LLP, Brian J. Robbins stresses how Ripple fought to manipulate the XRP price, including placing tens of millions XRP tokens into a kind of escrow, creating an arbitrary scarcity. It’s the third such lawsuit filed against the company since early May of this year.