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SAN FRANCISCO — Financial blockchain company Ripple Labs Inc. on Wednesday lost a bid to keep its fraud lawsuit against rival R3 moving ahead in California state court, as the amount at stake in the dispute nears $2.4 billion with the recent upswing in cryptocurrency values.
Ben Hancock is a San Francisco-based reporter covering litigation, technology, finance, and the future of law. He writes a weekly news briefing covering those topics called "What's Next." Ben can be reached via email at firstname.lastname@example.org, or on Twitter: @benghancock