District Judge Naomi Rais Reece Buchwald reported during the meeting that Dolce & Gabbana USA is not a representative of its Italian maternal company Dolce & Gabbana Srl, which actually managed the DGFAMILY project.
The plaintiffs filed a complaint in May 2024, in September, completing the clarification that the company promoted its non -replaceable tokens and stated that buyers would receive rewards, goods and exclusive access to events. The company promised that it would spend eight quarterly drops for two years, indicated in the complaint.
The DGFAMILY project sold 5,000 NFT boxes at a price of 40 to 1224 ETH-the cost of boxes at the time of the project launch was ranging from $ 3600 to $ 120,000. The plaintiffs complained about repeated delays and failures-the first Tokenov release took place 13 days later than the promised date. In addition, investors could not use the purchased digital products in the metavselnaya decentraland for up to 11 days, since the defendants “did not receive the approval of the Decentraland management to launch them.”
One of the plaintiffs, Luke Brown, who lost about $ 5800 on these investments, said that the developers suddenly abandoned the project and did not provide the promised benefits, while holding the funds of boxing customers.
The plaintiffs claim that the American and Italian branch of Dolce & Gabbana are the same company, since they have common leaders, office premises and a business process. The judge in response stated that the complaints attribute unlawful actions to all divisions of the company because of the general name Dolce & Gabbana, without distinguishing between activities.
The judge rejected Brown’s attempt to amend the lawsuit, saying that he had already been given such an opportunity after receiving the objections of the defendants. Now the only defendant in the United States in the case is the company Dolce & Gabbana USA, however, the Dubai Unxd and the Italian BlueBear Italia showed the initial lawsuit as the defendants. These organizations were not a complaint.
In April, investors filed a lawsuit against Nike due to the termination of its NFT project. The complainants called the RTFKT tokens “unregistered securities.”
Source: Bits
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