NFT lawsuit against Dolce & Gabbana in doubt as US arm cleared
2025-07-14 04:42:11
Main Idea
A US federal judge dismissed a class-action lawsuit against Dolce & Gabbana USA over its parent company's NFT project, ruling that the US arm was not responsible for the alleged failures.
Key Points
1. Judge Naomi Reice Buchwald dismissed the lawsuit, stating Dolce & Gabbana USA was not an 'alter ego' of its Italian parent company and thus not liable for the NFT project's issues.
2. The lawsuit claimed Dolce & Gabbana and its US arm failed to deliver on the 'DGFamily' NFT project, keeping over $25 million from it.
3. Dolce & Gabbana USA argued it had no involvement in the NFT project and successfully moved to dismiss the case.
4. The judge noted the lawsuit did not provide sufficient evidence linking the US and Italian firms beyond shared executives and office space.
5. The future of the lawsuit is uncertain as Dolce & Gabbana USA was the sole US-based defendant.
Description
A US federal judge allowed Dolce & Gabbana USA to escape a class-action lawsuit over an NFT project launched by its Italian parent company.
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