Yuga Labs has reached a settlement with defendants Ryder Ripps and Jeremy Cahen in a lawsuit, according to documents from the U.S. District Court for the Central District of California. The parties have agreed to resolve all disputes and will submit a proposed injunction based on the settlement terms. This development follows the Ninth Circuit Court of Appeals' decision to overturn a previous district court ruling that awarded approximately $9 million in damages and an injunction, remanding the case for further consideration on whether the RR/BAYC series could cause consumer confusion.
Yuga Labs Settles Lawsuit with Ryder Ripps and Jeremy Cahen
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
