Artists Ordered to Pay $9 Million in BAYC Copyright Dispute

Artists Ryder Ripps and Jeremy Cahen are mandated by a national tribunal to wage $9 cardinal successful damages to Yuga Labs, pursuing a high-profile ineligible quality implicit unauthorized usage of the Bored Ape Yacht Club’s copyrighted non-fungible tokens (NFTs).

Yuga Labs Wins Big arsenic Artists Ordered to Pay up $9 Million Over BAYC Dispute

Artists Ryder Ripps and Jeremy Cahen person been ordered by the tribunal to wage astir $9 cardinal successful damages to Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), pursuing the dismissal of their counterclaims successful a high-profile copyright lawsuit.

Ripps and Cahen, known for launching the Ryder Ripps BAYC (RR/BAYC) collection, person been embroiled successful ineligible battles since May 2022. Their project, which played connected the BAYC brand, was recovered to person infringed upon Yuga Labs’ copyrights, starring to a suit that concluded successful April 2023 with a triumph for Yuga Labs.

Initially, the tribunal mandated Ripps and Cahen to compensate Yuga Labs with $1.57 cardinal successful damages and screen ineligible expenses. A recent tribunal filing dated Feb. 2, however, revealed an escalated punishment totaling astir $9 million. This sum includes disgorgement, ineligible fees, and adept witnesser fees, reflecting the severity of the copyright infringement.

Moreover, the artists are required to either destruct immoderate RR/BAYC NFTs they ain oregon manus them implicit to Yuga Labs for disposal. This directive extends to each related infringing materials, including promotional items and advertisements bearing the BAYC mark. They are besides ordered to relinquish each societal media accounts and the astute declaration associated with the RR/BAYC collection.

The counterclaims filed by Ripps and Cahen, which included allegations of affectional distress and a plea for declaratory judgement of nary defamation, were dismissed by the judge. The court’s determination emphasized Yuga Labs’ claims of mendacious designation of root and cybersquatting, mounting a precedent for the extortion of intelligence spot rights successful the rapidly evolving NFT space.

Cahen, who is popularly known arsenic Pauly among his followers connected X, has announced plans to entreaty the determination successful the Ninth Circuit Court of California, signaling a imaginable continuation of this ineligible saga.

BREAKING

On a Saturday, The Federal Court has entered its last judgement against maine successful my lawsuit vs. YugaLabs.

Judgement Total: $9,112,496.50

(Note: My sanction is misspelled successful the order)

We are appealing this result successful the Ninth Circuit Court of California.

Case is ongoing. pic.twitter.com/fHcEsbBL6a

— PAULY (@Pauly0x) February 3, 2024

Do you deliberation Cahen’s entreaty successful the Ninth Circuit Court of California volition beryllium successful? Share your thoughts and opinions astir this taxable successful the comments conception below.