Bored Ape Yacht Club maker Yuga Labs Inc. settled its lawsuit against an NFT market developer it had accused of tricking consumers into buying counterfeit versions of its Bored Ape NFTs.
Yuga Labs filed separate lawsuits against developers Thomas Lehman and Ryan Hickman in January, alleging that they are central parts of the team enlisted by conceptual artist Ryder Ripps to create copycat “RR/BAYC” NFTs using the Bored Ape images and name.
In a statement emailed to Bloomberg Law, Yuga Labs said that it arrived at a confidential settlement with Lehman and is “pleased that Mr. Lehman acknowledged his role ...
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