Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision

0

[ad_1]

Hermès International, the French luxury fashion house, has requested a Manhattan federal court to block artist Mason Rothschild from marketing or owning his “MetaBirkin” non-fungible tokens (NFTs) following a recent jury decision that found Rothschild had violated Hermes’ trademark rights in its famous Birkin bags, as reported by Reuters. 

According to the report by Reuters, the court filing from Hermes on Friday stated that Rothschild had continued to promote his NFTs even after a nine-member jury found Rothschild liable for trademark infringement, trademark dilution, and “cybersquatting,” awarding Hermès $133,000 in damages. In light of this, the luxury company has requested the court to mandate that Rothschild stop using the “Birkin” trademark and hand over the MetaBirkins website, the NFTs he still possesses, and his earnings from the token sales since the trial to Hermès. 

Recent court filing by Hermès revealed that Mason Rothschild is still receiving a 7.5% royalty for each sale of MetaBirkin NFTs and has been promoting them on his website and social media accounts even after the verdict in February.  Hermès also added that a permanent injunction was necessary to stop Rothschild’s behavior, as he has “shown that he cannot be trusted” and made “repeated false statements” in business dealings and at trial.

Hermès shared:

Rothschild has continued acting as he has since November 2021 — brazenly violating Hermès’s intellectual property rights.

Rothschild’s lawyer, Rhett Millsaps, stated on Monday that the filing was a “gross overreach by Hermes and an attempt to punish Mr. Rothschild because they don’t like his art.” Millsaps further added that they would oppose Hermès’ motion this week. 

Related: Intellectual property has an awkward fit in Web3 decentralization — Lawyers

As previously reported by Cointelegraph on Feb 8,a jury trial in the Southern District of New York issued a verdict in the lawsuit between Hermès and MetaBirkins. The court found that artist Mason Rothschild had infringed on the trademark protections of the Hermès brand. The 100 NFTs of “Metabirkins” created by Rothschild were deemed to not constitute artistic commentary, and therefore did not receive protection under the First Amendment of the United States Constitution.



[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 62,493.00
ethereum
Ethereum (ETH) $ 1,683.89
tether
Tether (USDT) $ 0.997935
bnb
BNB (BNB) $ 575.95
usd-coin
USDC (USDC) $ 0.999881
xrp
XRP (XRP) $ 1.14
solana
Solana (SOL) $ 68.65
tron
TRON (TRX) $ 0.318304
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.02
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
hyperliquid
Hyperliquid (HYPE) $ 67.01
dogecoin
Dogecoin (DOGE) $ 0.082252
usds
USDS (USDS) $ 0.999615
rain
Rain (RAIN) $ 0.014482
leo-token
LEO Token (LEO) $ 9.58
stellar
Stellar (XLM) $ 0.239917
wrapped-steth
Wrapped stETH (WSTETH) $ 2,779.67
zcash
Zcash (ZEC) $ 450.82
canton-network
Canton (CC) $ 0.159309
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,243.00
whitebit
WhiteBIT Coin (WBT) $ 51.60
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
monero
Monero (XMR) $ 325.65
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,466.93
cardano
Cardano (ADA) $ 0.160512
chainlink
Chainlink (LINK) $ 7.82
lab
LAB (LAB) $ 15.98
wrapped-eeth
Wrapped eETH (WEETH) $ 2,465.31
usd1-wlfi
USD1 (USD1) $ 0.999899
susds
sUSDS (SUSDS) $ 1.08
ethena-usde
Ethena USDe (USDE) $ 0.998821
the-open-network
Gram (prev. Toncoin) (GRAM) $ 1.63
dai
Dai (DAI) $ 0.999727
bitcoin-cash
Bitcoin Cash (BCH) $ 195.70
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
memecore
MemeCore (M) $ 2.91
hedera-hashgraph
Hedera (HBAR) $ 0.079267
litecoin
Litecoin (LTC) $ 43.21
weth
WETH (WETH) $ 2,268.37
hashnote-usyc
Circle USYC (USYC) $ 1.13
sui
Sui (SUI) $ 0.714014
near
NEAR Protocol (NEAR) $ 2.20
usdt0
USDT0 (USDT0) $ 0.998824
global-dollar
Global Dollar (USDG) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.000005
paypal-usd
PayPal USD (PYUSD) $ 0.999795
avalanche-2
Avalanche (AVAX) $ 6.29
crypto-com-chain
Cronos (CRO) $ 0.057842
tether-gold
Tether Gold (XAUT) $ 4,207.84
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Shares