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BTC $76,964 ↓ 1.2%
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ETH $2,308 ↓ 4.4%
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USDT $1.00 ↑ 0%
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BNB $755.14 ↓ 2.1%
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XRP $1.59 ↓ 0.9%
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SOL $100.72 ↓ 1.6%
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TRX $0.28 ↑ 0%
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STETH $2,307 ↓ 3.9%
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WBT $49.47 ↑ 1.4%
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BTC $76,964 ↓ 1.2%
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ETH $2,308 ↓ 4.4%
U
USDT $1.00 ↑ 0%
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BNB $755.14 ↓ 2.1%
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XRP $1.59 ↓ 0.9%
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USDC $1.00 ↑ 0%
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SOL $100.72 ↓ 1.6%
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TRX $0.28 ↑ 0%
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STETH $2,307 ↓ 3.9%
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DOGE $0.10 ↑ 1.8%
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FIGR_HELOC $1.00 ↓ 1.1%
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WBT $49.47 ↑ 1.4%

D&G US Arm Cleared in NFT Lawsuit, Case in Doubt

A US federal judge has dismissed Dolce & Gabbana USA from a class-action lawsuit concerning its Italian parent company’s alleged abandoned NFT project. Judge Naomi Reice Buchwald ruled that D&G USA was not an “alter ego” of Dolce & Gabbana SRL and the complaint failed to adequately distinguish the two entities’ actions. The lawsuit, claiming over $25 million was withheld from the “DGFamily” NFT project, now faces an uncertain future as Dolce & Gabbana USA was the sole US-based defendant.

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