News

Two Yuga Labs Leaders Deposed Amid The Ryder Ripps Legal Saga

Key Points:

  • A California judge determined that two Yuga Labs executives must be deposed or answer questions in court.
  • The action comes after a legal struggle that began in June 2022.
The legal struggle for Yuga Labs, the author of the popular NFT project Bored Ape Yacht Club, and NFT artist Ryder Ripps continues.

Wylie Aronow and Greg Solano, two of Yuga Labs’ founders, were ordered to be deposed by a federal court in California because they are not apex witnesses.

An individual who consents to be questioned and then answers in a deposition before a trial. However, Ripps, a defendant in the lawsuit, is now asserting on Twitter that Aronow will not be giving a deposition in court.

As written in the statement, Yuga’s Motion falls well short of these expectations. The depositions were scheduled for January 9 and 11, 2023, and were announced on December 15, 2022. Yuga’s claim that it could not file a timely, routinely noticed motion is without substance.

Back in December, it might have presented a routine motion with an application to reduce time. Instead, Yuga sought relief two business days before the January 9 Aranow deposition, making it nearly impossible for the Court to rule before the January 9 deposition.

Without a protective order, Mr. Aranow is obliged to appear for his deposition on January 9, 2023. If he does not appear, Yuga will responsible for payment of any expenses associated with the failed deposition. The parties must then meet and confer in good faith on an alternate date for the deposition of Mr. Aranow as soon as convenient.

Noted the Jan. 8 filing in the U.S. District Court for the Central District of California.

Yuga Labs filed a lawsuit in June 2022, claiming that Ryder Ripps infringed Yuga’s intellectual property by using copycat NFTs. Ripps hired a lawyer and filed a counterclaim, claiming that each NFT is unique by design and hence cannot be replicated.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

1 hour ago

Robinhood Crypto Now Supports Solana Trading Again

Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and…

6 hours ago

Missed Out on Chainlink Early Gains? This Layer-1 Project is Set to Explode to $15 After Mainnet Launch

If you’ve been following the crypto space, you already know that Chainlink (LINK) has been…

6 hours ago

BlackRock BUIDL Fund Expanded to New Blockchains to Boost Accessibility

BlackRock BUIDL funds have been expanded to Arbitrum, Aptos, Avalanche, Optimism, and Polygon.

8 hours ago

Metaplanet Bitcoin Holdings Helps Company Earn $28 Million in Profit

Tokyo-based Metaplanet Bitcoin holdings grew by $28 million, doubling to 1,018.17 BTC since late September.

8 hours ago

This website uses cookies.