Judge Tosses NFT Lawsuit Against Dolce & Gabbana USA

Key Points

1. The lawsuit alleged Dolce & Gabbana's NFT project raised over $25 million but failed to deliver promised digital and physical merchandise.

2. Judge Naomi Reice Buchwald dismissed the case, stating Dolce & Gabbana USA was not an 'alter ego' of its Italian parent company, which operated the project.

3. Plaintiffs claimed the project was a 'rug pull,' with delayed or undelivered NFT benefits, including digital outfits and event access.

4. The NFT project sold 5,000 'boxes' priced between 1.224 and 40 ETH (approx. $3,600–$120,000 at launch).

5. The judge criticized the lawsuit's 'group pleading' for conflating the US and Italian entities despite shared executives and operations.