US Appeals Court Overturns $9M Yuga Labs Win in NFT Dispute
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Description
A US appeals court has overturned a $9 million judgment previously awarded to Yuga Labs in its lawsuit against artist Ryder Ripps and business partner Jeremy Cahen, reopening the high-profile legal battle over alleged NFT trademark infringement. The Ninth Circuit Court of Appeals ruled on Wednesday that Yuga Labs had not yet demonstrated its claim that the “Ryder Ripps Bored Ape Yacht Club” NFT collection was likely to confuse consumers about its connection to Yuga’s flagship Bored Ape Yacht Clu...
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