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

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

57 minutes ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

4 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

6 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

6 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

7 hours ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

7 hours ago

This website uses cookies.