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I just saw that Yuga Labs has finished their long fight over the RR BAYC NFT issue. The case was ongoing for two years, and now they have reached a settlement with Ryder Ripps and Jeremy Cahen.
What happened here? The RR/BAYC series used Bored Ape Yacht Club images, so naturally there was a trademark issue. Initially, Yuga won and received almost 9 million dollars from the court decision. But then the appeals court overturned it and ordered a jury trial again. This case really seems complicated.
In the settlement, they will not proceed to trial, and Ripps and Cahen are prohibited from using Yuga trademarks. It seems like a practical move for both sides — no more legal fees, no more uncertainty. It’s interesting how the details of the settlement were arranged, but at least there is closure now.