The legal dispute between the inventor of the Bored Ape Yacht Club collection of non-expendable tokens and one of the developers of a copycat collection known as RR/BAYC has been resolved by settlement.

On February 6, Yuga Labs reached a settlement in a legal dispute involving Thomas Lehman, the website builder and a smart contract that sold “misleading” BAYC NFTs from digital artist Ryder Ripps. The complaint had been filed against Yuga Labs by Lehman.

In January, the company responsible for the blue-chip collection filed a lawsuit against Lehman for its involvement and technical assistance in the collection of imitation monkeys.

The lawsuit claims that Lehman provided assistance to Ripps and Jeremy Cahen in the process of developing and promoting NFTs on social media. Regarding the two sets, he said that it was a “deliberate attempt to undermine Yuga Labs at the expense of customers by sowing uncertainty”, stating that it was a “planned effort”.

According to Law360, as part of the settlement, Yuga Labs and Lehman agreed to a permanent injunction barring Lehman from using any “confusingly similar” BAYC images or operating social media accounts that imply association with the company. This provision was included in the agreement between the two parties.

Lehman stated in a statement that “it was never my purpose to tarnish Yuga Labs’ reputation, and I reject any disparaging comments about Yuga Labs and its founders and appreciate their many fine contributions to the field of NFT.” This was mentioned in reference to the allegations that Lehman had made.

A Yuga spokesperson told Law360 that the company is pleased that Lehman “acknowledged its role in helping former partners Ryder Ripps and Jeremy Cahen infringe Yuga Labs’ trademarks in the development, marketing and sale of NFTs.” falsified”. Ryder Ripps and Jeremy Cahen are accused of developing, trading and selling counterfeit versions of Yuga Labs’ cryptocurrencies.

On the other hand, there are other separate instances that are still active regarding Ripps’ use of photos from the BAYC collection. Additionally, a lawsuit was filed against Jeremy Cahen for allegedly replicating Yuga’s business practices and selling identical items in the same markets.

Yuga filed a lawsuit against Ripps and Cahen in June, claiming that the artists were “trolling Yuga Labs and misleading customers” into buying their knockoffs. Ripps and Cahen were named as defendants in the lawsuit. In addition to this, the lawsuit says that Ripps made profits of more than $5 million by “pumping and dumping fake NFTs.”

On Jan. 30, investor rights protection law firm Rosen stressed that investors who acquired Yuga’s BAYC NFTs or its native ApeCoin (APE) token could join a securities class action lawsuit against the company. . The claim is filed against Yuga for violations of federal securities laws.

In December, Rosen filed a lawsuit against Yuga Labs, alleging that the company had violated United States securities laws by providing false information to investors about the financial advantages of holding NFTs and tokens and by using famous marketers.