In a trademark infringement case against Ryder Ripps and Jeremy Cahen, a U.S. District Judge in California decided in favor of Yuga Labs.
In a trademark infringement case against Ryder Ripps and Jeremy Cahen, a U.S. District Judge in California decided in favor of Yuga Labs, the makers of the popular Bored Ape Yacht Club (BAYC).
The court awarded Yuga Labs approximately $1.5 million in damages, representing Ripps and Cahen's profits from the sale of their Ryder Ripps Bored Ape Yacht Club NFT collection, which the court determined infringed on Yuga Labs' brand.
The defendants claimed that their use of Yuga Labs' BAYC trademarks was "satire" and "parody," but the court dismissed their claim. Ripps and Cahen must stop all sales and marketing of their counterfeit NFTs, pay penalties, transfer their fake apes' smart contract, and renounce connected internet assets, according to the judgment.
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