US Court Clears Dolce & Gabbana USA of Liability in Controversial NFT Case, Dismissing Class-Action Claims
New York—A federal court ruling has cleared Dolce & Gabbana USA Inc. of claims tied to a class-action lawsuit involving the luxury brand’s non-fungible token (NFT) project, which has been at the center of controversy over alleged unmet promises to buyers. On Friday, U.S. District Judge Naomi Reice Buchwald determined that the U.S. subsidiary is not an “alter ego” of its Italian parent company, Dolce & Gabbana SRL, and therefore cannot be held liable under the allegations set forth by NFT purchasers. The legal action was initiated in May 2024 and later updated in September, … Read more