The US Ninth Circuit Court of Appeals has reversed Yuga Labs’ $9 million reward in its trademark infringement suit against artist Ryder Ripps.
A US appeals court has overturned a $9 million judgment given to non-fungible token conglomerate Yuga Labs in its long-running lawsuit against artist Ryder Ripps and business partner Jeremy Cahen.
The Ninth Circuit Court of Appeals said on Wednesday that Yuga Labs had yet to prove its allegation that Ripps and Cahen’s NFT collection — which it claimed is a direct ripoff of its flagship Bored Ape Yacht Club collection — was “likely to cause consumer confusion.”
The three-judge panel sent the lawsuit back to a California federal court for a trial on Yuga Labs’ claims of trademark infringement and cybersquatting.
