Ryder Ripps hires lawyers ahead of legal showdown with Bored Ape’s Yuga Labs – WORLD CRYPTO BUSINESS

Ryder Ripps hires lawyers ahead of legal showdown with Bored Ape’s Yuga Labs


Bored Ape critic Ryder Ripps and the founder of NFT marketplace Not Larva Labs, Jeremy Cahen, have secured the services of a defense counsel for their upcoming legal tussle with Yuga Labs.

According to the press statement, Ripps employed the services of Louis Tompros of  WilmerHale and Alfred Steiner of Meister & Steiner PLLC.

PRESS RELEASE : @WilmerHale / @LouisTompros along with @AlfredSteiner will be representing myself & @Pauly0x in our righteous fight against Yuga Labs. Previously Louis fought the alt-right in his defense of @Matt_Furie’s Pepe and Alfred wrote one of the best papers on BAYC law. pic.twitter.com/otO3ylzHKy

— RYDER-RIPPS.ETH 🔜 (@ryder_ripps) July 13, 2022

Tompros is famous for representing Matt Furie, the creator of “Pepe the Frog,” in copyright cases against alt-right figures and groups. At the same time, Steiner is an expert on NFTs and intellectual property law.

The press statement said:

Yuga is misusing the court system to selectively punish and silence Ripps and Cahen for creating art that speaks out against their litany of lies and unethical behavior.

However, Ripps and Cahen believe the court would protect their freedom of speech rights.

Yuga Labs filed a lawsuit against Ryder Ripps at the US District Court of Central California on June 25.

The firm claims Ripps deliberately attempted to devalue Bored Ape NFTs by flooding the market with a lookalike collection created using the original Bored Ape images. Ripps’ collection is named “RR/BAYC” NFTs.

As of press time, Bored Ape NFTs’ floor price is 95 ETH ($104,000), while RR/BAYC’s floor price is 0.185 ETH ($203).

Meanwhile, Ripps reportedly said he would settle the case only if he received a $100 billion payout because it caused him much anguish.

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits



Recommended For You

About the Author: administrator

Leave a Reply

Your email address will not be published. Required fields are marked *