Resolution criteria

If the District Court for the Northern District of California has ruled in favor of any of Rippling’s claims for relief or awarded any damages to Rippling in its lawsuit against Deel before Jan 1, 2028, then the market resolves to Yes. Sources from PACER, The New York Times, the Associated Press, Reuters, Axios, Politico, Semafor, The Information, The Washington Post, The Wall Street Journal, ABC, CBS, CNN, Fox News, and MSNBC.

Background

In March 2025, Rippling filed a lawsuit against Deel, alleging that Deel engaged in corporate espionage by planting a spy within Rippling's Ireland office. The complaint accuses Deel of misappropriating trade secrets, including confidential sales data and employee information, to gain a competitive advantage. Deel has denied all allegations and has filed a countersuit against Rippling for defamation and deceptive trade practices. (axios.com, axios.com)