The Ripple community is at a loss to explain the motivation behind a class-action lawsuit filed by Florida homo Tyler Toomey confronting Ripple Labs and Ripple CEO Brad Garlinghouse over a $48.56 loss.

In November 2020, Toomey purchased 135 XRP tokens at $0.724 each for a full value of $97.80. Following news of some other lawsuit against Ripple in December that year, Toomey sold his investment for $49.24, suffering a loss of almost 50%. He's now launched a class action costing viii times more in filing fees than the loss he claims to have incurred.

According to the Middle Commune of Florida website, where the lawsuit was filed, the cost of filing a civil action is $402.

Adding to the general weirdness of the case the amount demanded past Toomey is $v,000,001,000 and the Magistrate presiding over the case shares his unusual surname — Magistrate Judge Joel B. Toomey.

The filing states that the form-action is on behalf of Toomey (the plaintiff, not the magistrate), "and all others similarly situated against Defendants Ripple Labs," then it's possible his motivation is to but enable other investors to accept similar action.

Toomey is also seeking "injunctive relief" due to the amount of XRP held by the defendants which the filing claims, "they can continue to monetize, while creating substantial run a risk to investors."

The Ripple customs don't seem to know what to brand of the case, with some having taken offense while others believe it a joke. I Twitter user offered $200 in XRP for Toomey to driblet the lawsuit.

New Jersey attorney Jess Hynes suggested the law is at mistake for enabling such malarky.

"This stuff is going to proceed happening and you tin can blame Congress and the SEC for it. @RepMaxineWaters refused to do her job final session. Allow's hope she does it this go around."

Ripple is currently trading at $0.25, downwardly 4% in the day, suggesting few investors are taking this lawsuit to middle.