NFT artists Ryder Ripps and Jeremy Cahen have been ordered to pay $1.57 million to Bored Ape Yacht Club creator Yuga Labs.
The NFT artists were also ordered to cover Yuga Labs’ legal fees after determining the trademark infringement constituted an “exceptional case.”A United States district court judge has ordered nonfungible token artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT lawsuit.
“A trademark case is generally considered exceptional for purposes of awarding of attorneys’ fees when a party has taken positions that can be characterized as “malicious, fraudulent, deliberate or willful,” the judge noted.that the copycat BAYC versions were “satire” and “parody” — ruling that the defendants intentionally infringed Yuga’s BAYC trademarks with a bad faith intent to profit from them.
He also noted the defendants continued to market and promote their copycat BAYC versions after the partial summary judgement was delivered against them in April.In an Oct. 16 hearing in a United States appeals court, Ripps and Cahen’s lawyers tried to argue theon the grounds of free speech under California’s anti-SLAPP statute. However, the three-judge panel didn’t appear persuaded by the lawyer’s arguments.BAYC collectibles currently listed on OpenSea.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Ryder Ripps must pay Yuga Labs nearly $1.6 million over copyright infringement lawsuitRyder Ripps and Jeremy Cahen have been ordered to pay Yuga Labs nearly $1.6 million in damages, bringing to an end a legal dispute over NFTs.
Les mer »
Meta’s Reality Labs Division Reports Unexpected $3.7B Loss in Q3Crypto Blog
Les mer »
CyberConnect token surges more than 30% after Binance Labs unveils investmentDecentralized social network CyberConnect scores an investment from Binance Labs and the platform's token jumped in value.
Les mer »
Polygon Labs Deploys POL Token Upgrade on Ethereum MainnetCrypto Blog
Les mer »
LUNA gears up for revival as Terra community passes Terraform Labs proposalThe Terra ecosystem is likely to begin its recovery with the community’s approval of proposal 4790. Terraform Labs’ (TFL) proposal was passed with the
Les mer »