B
BTC $63,443 ↑ 0.7%
E
ETH $1,877 ↑ 0.5%
U
USDT $1.00 ↑ 0%
B
BNB $581.86 ↓ 1.5%
U
USDC $1.00 ↑ 0%
X
XRP $1.08 ↑ 1%
S
SOL $73.15 ↑ 0.1%
T
TRX $0.33 ↑ 0.5%
F
FIGR_HELOC $1.00 ↓ 3.1%
W
WBT $55.26 ↑ 0.7%
H
HYPE $52.83 ↑ 0.7%
D
DOGE $0.07 ↓ 0.2%
B
BTC $63,443 ↑ 0.7%
E
ETH $1,877 ↑ 0.5%
U
USDT $1.00 ↑ 0%
B
BNB $581.86 ↓ 1.5%
U
USDC $1.00 ↑ 0%
X
XRP $1.08 ↑ 1%
S
SOL $73.15 ↑ 0.1%
T
TRX $0.33 ↑ 0.5%
F
FIGR_HELOC $1.00 ↓ 3.1%
W
WBT $55.26 ↑ 0.7%
H
HYPE $52.83 ↑ 0.7%
D
DOGE $0.07 ↓ 0.2%

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.

Sign Up to Our Newsletter

Be the first to know the latest updates