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article news schedule Oct 6, 2025 visibility 11 link 4 artists

lawsuit dismissed yuga labs bored ape yacht club nfts howey

A federal judge dismissed a class action lawsuit against Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, ruling that its digital assets—including Bored Ape NFTs and ApeCoin—do not qualify as securities under the Howey test. Plaintiffs Adonis Real and Adam Titcher had alleged that Yuga Labs colluded with celebrities like Justin Bieber, Madonna, and Steph Curry, as well as talent agent Guy Oseary and crypto platform MoonPay, to inflate prices and violate securities laws. Judge Fernando Olguin found that while the plaintiffs satisfied one prong of the Howey test—expectation of profits from others' efforts—they failed to meet the other requirements, leading to the dismissal.

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article news schedule Jul 24, 2025 visibility 12 link 2 artists

us appeals court yuga labs bored ape nfts ryder ripps

A US appeals court overturned an $8.8 million judgement against artist Ryder Ripps and his business partner Jeremy Cahen, who were previously ordered to pay Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFTs, for creating copycat NFTs. The 9th US Circuit Court of Appeals ruled on July 23 that Yuga Labs had not sufficiently proven that Ripps and Cahen's tokens would confuse buyers. The case, originally filed in June 2022, alleged trademark infringement, false advertising, and cybersquatting. Ripps and Cahen argued their works were satirical appropriation art, while Yuga Labs denied claims of racism tied to the BAYC imagery. The ruling sends the case back to federal court for a trial on trademark and cybersquatting claims.

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article news schedule Apr 23, 2025 visibility 11 link 2 artists

yuga labs seeks access to crypto wallets bored apes lawsuit

Yuga Labs, the parent company of Bored Ape Yacht Club, has filed a motion in US District Court demanding that Jeremy Cahen, co-creator of the RR/BAYC NFT series, turn over control of four cryptocurrency wallets allegedly holding $400,000 in assets. This follows a February judgment ordering Cahen and Ryder Ripps to pay nearly $9 million for trademark infringement and cybersquatting. Yuga Labs claims Cahen transferred funds to private wallets after a court-authorized levy was served on his crypto exchange account, and seeks court-ordered access via the U.S. Marshals. Cahen's legal team plans to respond by May 5, calling the motion "courtroom theater" and arguing it contains factual misrepresentations.

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