Yuga Labs Settles Lawsuit Over Bored Ape NFT Dispute

Yuga Labs has reached a settlement in its lawsuit against Ryder Ripps and Jeremy Cahen, concluding a two-year legal battle concerning alleged imitation Bored Ape NFTs. According to NS3.AI, the proposed court orders submitted in a California federal court will permanently prohibit Ripps and Cahen from utilizing Yuga's trademarks and imagery. While the specific terms of the settlement remain undisclosed, the agreement prevents a new trial following an appeals court's decision to overturn a previous award of nearly $9 million to Yuga.