Thomas Lehman and Yuga Labs have come to an out-of-court agreement, but the firm is still suing copycat BAYC creators Ryder Ripps and Jeremy Cahen.
In a statement, Lehman said, “it was never my intention to harm Yuga Labs’s brand, and I reject all disparaging statements made about Yuga Labs and its founders and appreciate their many positive contributions to the NFT space.”
Speaking to Law360, a Yuga spokesperson said the firm was pleased that Lehman “acknowledged his role in assisting former cohorts, Ryder Ripps and Jeremy Cahen, to infringe on Yuga Labs' trademarks in developing, marketing, and selling counterfeit NFTs.”However, there are separate ongoing cases regarding Ripps’ use of imagery from the BAYC collection. Jeremy Cahen has also been sued for copying and selling the same products on the same platforms as Yuga.
Ripps and Cahen were sued in June, with Yuga alleging that the artists were “trolling Yuga Labs and scamming consumers” into purchasing their copycats. The complaint also claimed that Ripps made more than $5 million by “pumping and dumping fake NFTs.”
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