Yuga Labs, One of the Most Popular NFT Creators, Has Settled its Trademark Infringement Case

Yuga Labs, the masterminds behind Bored Ape Yacht Club’s illustrious NFT project, has recently declared that they have found a resolution to their legal dispute involving Thomas Lehman and his role in operating an illegal marketplace with counterfeit copies of their iconic collection.

The Lawsuit Ended in Favor of Yuga Labs

In June, Yuga Labs brought a trademark lawsuit against Ryder Ripps and Jeremy Cahen for purportedly copying the company’s NFT collections and diminishing the original Bored Ape products–causing them to deny these accusations. Moreover, Thomas Lehman was held accountable by Yuga Labs for working as an “integral element in a business venture that fashioned and commercialized websites and smart contracts” to market misleading RR/BAYC NFTs without informing buyers. This alleged behavior supposedly constituted a “traditional trademark violation.”

Today, the dispute was successfully resolved. “I am delighted to have concluded negotiations in the Yuga Labs, Inc. v. Lehman trademark lawsuit held at Northern District of New York,” declared Lehman through an emailed statement.” I have never intended to inflict damage on Yuga Labs’s brand or reputation. All derogatory remarks about them, their founders, and their contributions towards NFT space are declined with gratitude”.

With great satisfaction, a Yuga Labs spokesperson announced that Mr. Lehman had accepted his part in aiding Ryder Ripps and Jeremy Cahen with the unlawful manufacture, promotion, and distribution of counterfeited NFTs bearing Yuga Labs’ trademarks.

Yuga Labs, One of the Most Popular NFT Creators, Has Settled its Trademark Infringement Case

On the other hand, the Conflict in the NFT World Continues

Despite settling with Thomas Lehman, the dispute between Ripps and Cahen continues. At the end of December, they served a counterclaim against NFT heavyweight Yuga Labs, asserting that the company does not own pertinent copyright and that their technology prevents duplication of Non-Fungible Tokens (NFTs). In response to this allegation, Yuga Labs declared in an official statement: “Creators should trust in the law for protecting their work from intellectual property theft.”

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Ana Costa

I am resourceful and passionate about taking on whatever task lies ahead of me. I thrive in workplaces that promote diversity and inclusivity, whether it is working in journalism or being in the first place of global progressive social movements. I'm a journalist with a keen interest in reporting on daily global economic, finance, and crypto news. I have a deep understanding of how financial markets and global economies work, and I'm passionate about covering the latest developments in the world of cryptocurrency. I believe that the intersection of finance and technology is where the most exciting stories can be found, and I'm committed to staying up-to-date with the latest trends and emerging technologies in these areas. With years of experience in reporting and a strong network of sources, I strive to provide my readers with insightful and accurate coverage of the topics that matter most. Whether it's a breaking news story, an in-depth analysis of market trends, or an interview with a leading industry expert, I'm always ready to tackle the next big story and deliver it to my audience in a clear and engaging way. I focus on social media marketing, digital marketing, and market research. My strengths lie in creative marketing plans, collaboration with team members, and an eye for rising trends in different target markets.

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