Dolce & Gabbana USA Cleared in NFT Lawsuit: Legal Implications
A US federal judge dismissed a class-action lawsuit against Dolce & Gabbana USA, ruling the company was not responsible for alleged failures of its Italian parent’s ‘DGFamily’ NFT project. The suit, filed by NFT buyers, claimed the fashion brand failed to deliver promised benefits like digital outfits for Decentraland and physical clothing while retaining over $25 million from sales.
Lawsuit Details and Court Ruling
Plaintiffs alleged Dolce & Gabbana, its US arm, Dubai-based NFT marketplace UNXD Inc., and Italy’s Bluebear Italia SRL didn’t fulfill commitments to ‘DGFamily’ NFT buyers. Judge Naomi Reice Buchwald found insufficient evidence linking Dolce & Gabbana USA to the project, calling the lawsuit ‘plainly insufficient.’
NFT Market Impact
This case underscores legal complexities in NFT projects involving international entities, raising questions about jurisdiction and corporate accountability in digital assets.
Key Facts
- Lawsuit filed May 2024, updated September 2024
- Dolce & Gabbana USA was sole US defendant
- Other defendants weren’t served court papers
