Ryder Ripps must pay Yuga Labs $9 million after lawsuit’s final judgment | Headlines | News | CoinMarketCap

02/04/2024 07:40
Ryder Ripps must pay Yuga Labs $9 million after lawsuit’s final judgment | Headlines | News | CoinMarketCap

Ryder Ripps was hoping to settle the lawsuit he filed alongside Jeremy Cahen, also known as Pauly0x, against NFT company Yuga Labs for a payout of …

Ryder Ripps was hoping to settle the lawsuit he filed alongside Jeremy Cahen, also known as Pauly0x, against NFT company Yuga Labs for a payout of $100 billion.

Instead, following a final judgment in the case by U.S. District Judge John F. Walter, Ripps and Cahen will have to pay Yuga Labs a sum of nearly $9 million in disgorgement of profits, penalties, attorneys' fees, and other costs. 

A federal judge earlier ruled in favor of Yuga Labs in the company's long-running dispute against Ryder Ripps and Jeremy Cahen, creators of the "copycat" RR/BAYC collection, in Oct. 2023. However, the final penalty sum of $8.9 million, including the nearly $7 million in attorneys' fees, was only determined with this recent motion

As part of the judgment, Ripps and Cahen must also …

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