Garrison v. Ringgold case continues as judge denies defendant's motion to dismiss

Quick Take

  • The Garrisons allegedly lost more than $800,000 after investing with Ringgold, which the Crypto Caselaw Minute discussed in February
  • The judge in the case has just denied the defendant’s motion to dismiss, meaning this is not the end of the suit
  • The defendant tried to claim that the case should be dismissed because Bitconnect was not a party to the lawsuit, but the court rejected that idea 
  • Additionally, the judge ordered that the plaintiff can amend the suit if they so choose

Disclaimer: These summaries are provided for educational purposes only by Nelson Rosario and Stephen Palley. They are not legal advice. These are our opinions only, aren’t authorized by any past, present or future client or employer. Also we might change our minds. We contain multitudes.

As always, Rosario summaries are “NMR” and Palley summaries are “SDP".

Garrison et al. v. Ringgold et al., 19-cv-244-GPC (SD Cal. filed adsfafdsfa)[NMR]

Link to order

We have a new order in the Garrison v. Ringgold case. If you do not recall, this case was covered in the Crypto Caselaw Minute back in February where I revealed that I was a Grandparent Maximalist. That is still true. My grandparent maximalism that is. Okay, what are we talking about? A yes, a new order from the judge in the case.

A quick refresher of some of the relevant allegations in this case. In no particular order, the Garrisons allegedly lost over $800k that they had invested with Ringgold in his venture based on promises and representations he made to them. After the lawsuit was filed the defendants understandably filed a motion to dismiss the case, the plaintiffs filed an opposition, and the defendants filed a reply. The judge has now ruled on the motion to dismiss and grants it in part and denies it in part. Why?