yuga laboratories he’s been involved in some legal drama over the years, from being investigated by the SEC to his back and forth with Ryder Ripps. However, the latest development from him in court is thankfully positive. This comes as the company settled its lawsuit with Thomas Lehman, a developer who created the RR/BAYC NFT collection.
Yuga Labs Legal Victory
The RR/BAYC Collection is the similar collection run by Ryder Ripps, a creator who has a rocky history with Yuga Labs and its founders. The two have an ongoing lawsuit accusing Ripps of copyright infringement. Lehman, on the other hand, has settled with Yuga Labs and apologized to the company.
“It was never my intention to damage the Yuga Labs brand, and I reject all derogatory statements made about Yuga Labs and its founders and appreciate their many positive contributions to the NFT space,” he said.
He certainly had a lot to gain from the project that used both the initials and images from the original Bored Ape project, as he received 15% of the royalties. Along with this statement, Lehman has forfeited any right to use the Bored Ape name or likeness in the future.
Ripps, however, does not appear to be backing down on his claims against Yuga Labs and continues with his lawsuit.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has been featured on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
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