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DOLCE & GABBANA USA ESCAPES NFT LAWSUIT – JUDGE DISMISSES CLAIMS OVER PROJECT ABANDONMENT
U.S. BRANCH CLEARED IN CLASS ACTION OVER $25M DGFamily NFT PROJECT
COURT RULES NO DIRECT INVOLVEMENT IN NFT SALES OR PROMOTIONDolce & Gabbana USA has been dismissed from a lawsuit accusing the fashion house of abandoning its DGFamily NFT initiative. Plaintiffs alleged the company retained over $25M without delivering promised benefits like metaverse wearables, exclusive apparel, and live events.
However, a New York federal judge ruled that the U.S. arm wasn’t responsible for its Italian parent’s NFT actions and did not co-manage or promote the project.
The case now hinges on whether the remaining international defendants—UNXD and D&G SRL—will be properly served.
#DolceGabbana #NFTLawsuit #CryptoLaw #DGFamily #Web3News
COURT RULES NO DIRECT INVOLVEMENT IN NFT SALES OR PROMOTIONDolce & Gabbana USA has been dismissed from a lawsuit accusing the fashion house of abandoning its DGFamily NFT initiative. Plaintiffs alleged the company retained over $25M without delivering promised benefits like metaverse wearables, exclusive apparel, and live events.
However, a New York federal judge ruled that the U.S. arm wasn’t responsible for its Italian parent’s NFT actions and did not co-manage or promote the project.
The case now hinges on whether the remaining international defendants—UNXD and D&G SRL—will be properly served.
#DolceGabbana #NFTLawsuit #CryptoLaw #DGFamily #Web3News
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