Artists Ordered to Pay $9 Million in Damages in Bored Ape Yacht Club Copyright Lawsuit
Los Angeles, California – Artists Ryder Ripps and Jeremy Cahen have suffered a setback in their legal battle against Yuga Labs, the creators of Bored Ape Yacht Club (BAYC). Recently, a court filing dismissed their counterclaims in the ongoing copyright lawsuit, leaving them with a hefty financial burden. The court’s decision mandates Ripps and Cahen to pay nearly $9 million in damages, including legal and expert witness fees, along with disgorgement. The controversy began in May 2022 when Ripps and Cahen launched an unauthorized collection called Ryder Ripps BAYC (RR/BAYC), intentionally capitalizing on the popularity … Read more