Ryder Ripps and Jeremy Cahen saw their counterclaims against Yuga Labs rejected, and they were ordered to pay almost $9 million in compensation to the digital collectible firm.
Artists Ryder Ripps and Jeremy Cahen have had their counterclaims in the lawsuit against Bored Ape Yacht Club (BAYC) creator Yuga Labs dismissed, with an unfavorable order requiring the pair to pay $9 million in disgorgement and other statutory damages.
In April 2023, Cointelegraph reported that a judge ruled in favor of Yuga Labs in its claim against Ripps and Cahen for violating copyright laws by creating unauthorized versions of BAYC nonfungible tokens (NFTs).
This came after the pair played on the words of the well-known BAYC brand, launching the Ryder Ripps BAYC (RR/BAYC) collection in May 2022.
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Source: https://cointelegraph.com/news/rr-bayc-nfts-yuga-labs-lawsuit-ryder-ripps