Knock-off BAYC NFTs Lawsuit Settled by Yuga Labs Outside of Court - TheNewsCrypto

• In June, Yuga filed a lawsuit against artists Ripps and Cahen.
• The lawsuit claims that Lehman helped Ripps and Jeremy Cahen create knock-off NFTs.

Bored Ape Yacht Club (BAYC), a collection of non-fungible tokens, has had a dispute with one of the producers of a competing collection, RR/BAYC, resolved out of court. The case involving Thomas Lehman, the creator of websites and a smart contract that sold “misleading” BAYC NFTs from digital artist Ryder Ripps, was resolved by Yuga Labs on February 6.

In January, Lehman was sued by the company that owns the blue-chip collection of mimic monkeys. For his connection with and technical support of the collection.

Moreover, the lawsuit claims that Lehman helped Ripps and Jeremy Cahen create and advertise the NFTs on social media. There was a “deliberate effort to harm Yuga Labs at the expense of consumers by sowing confusion,” the company said, referring to the two lines of products.

Permanent Injunction Over Copying BAYC

Furthermore, as part of their settlement, Yuga Labs and Lehman agreed to a permanent injunction. Thus prohibiting Lehman from using any “confusingly similar” BAYC graphics. Or running any social media profiles suggesting involvement with the firm.

Lehman issued a statement stating:

“It was never my intention to harm Yuga Labs’s brand, and I reject all disparaging statements made about Yuga Labs and its founders and appreciate their many positive contributions to the $NFT space.”

In June, Yuga filed a lawsuit against artists Ripps and Cahen, claiming that the pair were “trolling Yuga Labs and scamming consumers” with their knockoff products. Moreover, the lawsuit said that Ripps earned over $5 million from “pumping and dumping fake NFTs.”

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