Ryder Ripps must pay Yuga Labs $9 million after lawsuit’s final judgment

Ryder Ripps hoped to settle the lawsuit he filed alongside Jeremy Cahen, also called Pauly0x, towards NFT firm Yuga Labs for a payout of $100 billion.

As an alternative, following a last judgment within the case by U.S. District Choose John F. Walter, Ripps and Cahen must pay Yuga Labs a sum of practically $9 million in disgorgement of income, penalties, attorneys’ charges, and different prices.

A federal choose earlier dominated in favor of Yuga Labs within the firm’s long-running dispute towards Ryder Ripps and Jeremy Cahen, creators of the “copycat” RR/BAYC assortment, in Oct. 2023. Nonetheless, the ultimate penalty sum of $8.9 million, together with the practically $7 million in attorneys’ charges, was solely decided with this latest movement.

As a part of the judgment, Ripps and Cahen should additionally relinquish the NFTs and switch any infringing mental property, together with domains and good contracts, over to Yuga Labs inside the subsequent two weeks.

Yuga, Ripps, and Cahen had been unable to be instantly reached for remark.