Yuga Labs settles Bored Ape NFT lawsuit, ending fight over alleged copycat tokens
CoinDesk
Yuga Labs has settled its trademark infringement lawsuit against Ryder Ripps and Jeremy Cahen over their RR/BAYC NFT collection.Summary
Yuga Labs has reached a settlement with artist Ryder Ripps and Jeremy Cahen, effectively ending a two-year legal battle over their RR/BAYC NFT project. Yuga Labs originally sued the pair in 2022, alleging that their collection constituted trademark infringement by using Bored Ape imagery to confuse consumers. The defendants maintained that their work was a form of artistic satire. While a district judge initially awarded Yuga Labs nearly $9 million, an appeals court later ruled that a jury should determine if buyers were misled. This settlement resolves the dispute without the need for a trial, with proposed court orders set to permanently bar the defendants from using Yuga's intellectual property.
(Source：CoinDesk)