Court Clears Dolce & Gabbana USA from NFT Liability, Leaving Investors in the Lurch
A federal judge in New York has dismissed a class-action lawsuit against Dolce & Gabbana USA, determining that the company’s U.S. division is not liable for the alleged shortcomings of the DGFamily NFT project. This initiative reportedly raised over $25 million based on promises of digital and physical rewards to investors, many of whom feel cheated by the venture. U.S. District Judge Naomi Reice Buchwald ruled on Friday that Dolce & Gabbana USA did not act as an “alter ego” for its parent company, Dolce & Gabbana SRL, which was responsible for executing the NFT … Read more