The company behind Bored Ape Yacht Club NFTs is being sued for | Apecoin_VeChain_Elrond
The company behind Bored Ape Yacht Club NFTs is being sued for using celebrities to promote their products
A class-action lawsuit has been filed against Yugo Labs, the company behind Bored Ape Yacht Club, on behalf of investors who claim it failed to disclose the alleged involvement of celebrities. The lawsuit claimed that stars including Justin Bieber, Serena Williams, and Madonna promoted Bored Ape misleadingly. The legal action against blockchain cryptocurrency startup Yuga Labs was filed on Friday in California District Court. Plaintiffs Adonis Real and Adam Titcher have been investing in YugoLabs NFTs.
