A final judgement from a US district court ordered artist Ryder Ripps and Jeremy Cahen to pay Yuga Labs almost $9 million in disgorgement of profits, penalties, attorneys’ fees, and other costs.
In the prolonged case featuring claims and counter-claims concerning copycat versions of Yuga’s Bored Ape Yacht Club NFTs, Ripps and Cahen must give up the NFTs and transfer any infringing intellectual property to Yuga Labs within two weeks, District Judge John F. Walter ruled.
Attorneys’ fees accounted for about $7 million of Walter’s precedent-setting decision on trademark infringement of NFTs.
Still, Cahen, known as Pauly0x on the X social media platform, said in a post that the two intend to appeal.
Source: https://www.dlnews.com/articles/snapshot/judge-rules-ripps-and-cahen-must-pay-damages-to-yuga-labs/
