Dolce & Gabbana USA Dodges NFT Class-Action Lawsuit
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Description
The US arm of Dolce & Gabbana has successfully exited a proposed class-action lawsuit concerning its parent company’s alleged abandonment of a non-fungible token (NFT) project. On Friday, New York federal judge Naomi Reice Buchwald ruled in favor of Dolce & Gabbana USA Inc., dismissing the lawsuit on the grounds that it was not an “alter ego” of its Italy-based parent, Dolce & Gabbana SRL. The lawsuit, initially filed in May 2024 and updated in September, was brought by a group of NFT buyers who...
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