Class Action

Bored Ape Yacht Club, ApeCoins, and Collections of NFTs from Yuga Labs

Class Action

Bored Ape Yacht Club, ApeCoins, and Collections of NFTs from Yuga Labs


Case Name (Date)

Real et al. v. Yuga Labs, Inc. et al.
22-cv-8909, C.D. Cal.
(Dec. 2022)


Product/Service

Various collections of NFTs from Yuga Labs, including Bored Ape Yacht Club and ApeCoins


Allegations

Failing to disclose that celebrities – including Justin Bieber, Paris Hilton, Jimmy Fallon, Gwyneth Paltrow, Serena Williams, Snoop Dogg, Kevin Hart, DJ Khaled, Madonna and others – were paid for their endorsements

Failing to disclose that segments of “The Tonight Show” were actually paid ads

Violating federal securities laws by selling unregistered securities


Status

Pending



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