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Yuga Labs Settles Bored Ape NFT Lawsuit With Ryder Ripps and Jeremy Cahen

The deal halts a jury test of consumer confusion in NFT art.

Overview

  • Yuga Labs reached a court-filed settlement with artists Ryder Ripps and Jeremy Cahen, ending the RR/BAYC dispute.
  • Proposed orders would permanently bar the pair from using Yuga Labs’ trademarks or Bored Ape Yacht Club imagery.
  • The filing did not disclose any financial terms or other details of the agreement.
  • The suit began in 2022 after Yuga alleged the RR/BAYC tokens copied Bored Ape art and misled buyers.
  • An appeals court had overturned a prior nearly $9 million award to Yuga and said a jury should decide confusion, a trial the settlement now avoids.