US EditionYuga Labs Settles Lawsuit Against Artist over Bored Ape NFTs
The agreement permanently bars Ryder Ripps and Jeremy Cahen from using Yuga Labs imagery or trademarks and ends a two-year dispute before trial.
- On Tuesday, Yuga Labs settled its lawsuit against conceptual artist Ryder Ripps and business partner Jeremy Cahen in California federal court, ending a two-year dispute over the Bored Ape Yacht Club collection.
- Yuga filed the lawsuit in 2022, alleging Ripps and Cahen sold "knockoff" Bored Apes to confuse buyers, while the defendants argued their project was a satirical response to the collection.
- District Judge John Walter initially awarded Yuga nearly $9 million, but the 9th U.S. Circuit Court of Appeals overturned that ruling, requiring a jury trial to determine if buyers were misled.
- Proposed court orders permanently bar Ripps and Cahen from using Yuga's trademarks and imagery, while Ripps said on Wednesday that the settlement agreement is confidential.
- Defending their work, Ripps and Cahen claimed they lampooned imagery in Yuga's Bored Apes, while Yuga denied the allegations, stating Ripps was "spreading ridiculous conspiracy theories online" to sell NFTs.
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17 Articles
Yuga Labs Resolves Long-Running NFT Dispute - Invest In Crypto News
Bored Ape Yacht Club creator Yuga Labs has settled its long-running lawsuit with a pair of artists accused of profiting off lookalike NFTs. According to documents filed in the District Court for the Central District of California on Tuesday, Yuga Labs and artists Ryder Ripps and Jeremy Cahen told the court they had reached a settlement agreement. As part of the settlement, Ripps and Cahen are permanently banned from using Yuga Lab’s imagery and …
Yuga Labs settles lawsuit over alleged NFT counterfeiting
The parties told the court on Tuesday that they resolved their dispute and filed proposed orders that would permanently block Ripps and Cahen from using Yuga’s imagery and trademarks Bored Ape Yacht Club maker Yuga Labs has settled a lawsuit against conceptual artist Ryder Ripps and his business partner Jeremy Cahen over their alleged counterfeiting of its non-fungible tokens, according to a filing in California federal court (US). The parties…
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