Dolce & Gabbana USA has been rejected by the NFT fraud case star-news.press/wp
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Julia Smith
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Julia Smith
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Dolce & Gabbana USa Inc. , The American branch of the Italian luxury fashion house, by a federal judge of a collective lawsuit related to the NFT project.
Dolce & Gabbana USA was not behind the failed NFT project
According to the rule of July 11 From Judge Naomi Rice Bukhwald from the southern region of New York, Dolce & Gabbana USA Inc. It is a prominent litigation because it is not the “changing ego” of its mother company, Dolce & Gabbana Srl, who was responsible for “DGFAMIY” that focuses on NFT.
“The court found that the plaintiff did not claim enough that D&G SRL completely dominated the D&G USA even if D&G SRL claims that some employees and offices with D&G USA”
“For the previous reasons, the D&G USA proposal is granted,” a Reese is saved.
He criticized the DGFAMILY NFT project as a carpet pulled into the lawsuit
It was presented in May and was modified in September 2024The lawsuit claims that Dolce & Gabbana US and its Italian counterpart gave up the NFT “DGFAMIY” project and failed to provide the task promises while maintaining customer money.
According to the Dolce & Gabbana website, it is assumed that “DGFAMII” has provided access to drivers and exclusive cooperation, digital user devices, material products, and events hosted by the company.
However, the litigation means that the digital assets project in the famous fashion house was not more than the classic “pulling” of the rug.
“Each of the defendants’ distortions and their negligence was material because they were designed, the public did, and pushed them to buy unregistered securities (DGFAMIY) that were hardly more than a way to enrich the defendants,” the lawsuit says.
“Either through reckless or greedy efficiency, the defendants failed to provide what they promised in exchange for buying their digital assets and abandoning the encryption project while maintaining more than $ 25 million used to financing the project,” it continues.
As the American branch is now cleared of litigation, it is still unclear how the lawsuit will continue.
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2025-07-15 03:00:00
