• A U.S. judge in California has ruled that the use of BAYC intellectual property by Ripps and Cahen’s RR/BAYC was intentional to confuse consumers.
• Yuga Labs, the company behind Bored Ape Yacht Club (BAYC) NFT collection, filed suit against Ryder Ripps and Jeremy Cahen due to the creation of RR/BAYC non-fungible token (NFT) collection with similar poses to Bored Apes.
• The U.S District Court for the Northern District of California found that Ripps and his associates were deliberately creating consumer confusion under the pretense of satire, generating millions in unjust profits while taking pride in the damage they caused to the BAYC with their allegations.
Yuga Labs Wins Legal Victory Over RR/BAYC
A U.S judge in California has ruled in favor of Yuga Labs, the company behind Bored Ape Yacht Club (BAYC) NFT collection, granting them a partial summary judgment against Ryder Ripps and Jeremy Cahen’s RR/BAYC non-fungible token (NFT).
Ripps & Cahen Intended To Confuse Consumers
The legal victory comes after Yuga filed suit alleging that Ripps and his associates were deliberately creating consumer confusion under the pretense of satire and generating millions in unjust profits while taking pride in damaging Yuga’s reputation with their allegations. The court found that use of BAYC intellectual property by Ripps’ RR/BAYC was intended to confuse consumers, which ultimately led to them being liable for trademark infringement as well as unfair competition claims under federal law.
U.S District Court Rules In Favor Of Yuga Labs
The U.S District Court for the Northern District of California found that Yuga owns valid trademarks for its BAYC brand, which have been infringed upon by use by defendants without consent or permission from Yuga Labs in a manner likely to cause confusion among potential buyers or users who intend on purchasing an actual BAYC NFT or tracking its value with token tracking tools such as CoinMarketCap or NonFungibleTracker. Furthermore, it was determined that the defendants‘ usage was not fair use nor artistic expression due to strong presence of BAYC marks among customers as well as intent to mislead people about its origins through misleading marketing material associated with it such as domain names registered by defendants – rrbayc.com and apemarketplace.com – both using „bored ape“ keywords within them but not directly referencing „Bored Ape“.
Yuga’s Claims Vindicated By The Court
Yuga’s claims have now been vindicated by this ruling which allows them to pursue all damages resulting from this infringement on their trademarks including punitive damages where applicable under federal law if any further proceedings are pursued following this partial summary judgement ruling granted today at U.S Federal court located at San Francisco Bay Area district court system located near Silicon Valley headquarters facility where many major tech companies are based including Google headquarters campus building complex at Mountain View CA which houses over 50 thousand employees working there day-to-day operations while other personnel manage corporate affairs related matters outside USA territories abroad such as Europe , South America , Asia Pacific region countries etc .
This ruling sets a precedent for future cases related to trademark infringement on digital assets like non-fungible tokens (NFT), showing how serious courts take these matters when protecting legitimate businesses from those attempting to exploit their brand recognition without authorization from rightful owners . This case will no doubt provide guidance for other similar disputes involving digital products created without proper permission from original creators or companies behind them .