Dolls & Gabana’s American arm has survived a proposed class action case for his parents’ company’s alleged non -fungal token (NFT) project.
In an order on Friday, New York’s Federal Court Judge Naomi Rice Bocalld supported the USAA Inc., and rejected the legalization because it was not a “changed” of his parents, Dolis and Gibana SRL.
A group of NFT buyers claimed in a case filed in May 2024 and updated in September that Dols & Gabana and its American arm were “effectively the same company” that failed to provide its “DG Family” NFT project, launched in 2022 and kept more than 25 million.
The future of this case is in doubt because Dolis and Gabana were the only defendant based in the United States. Dubai-based NFT Market Plus UNXD Inc. and Blue Beer Atlas SRL-based in Italy are the creators of the NFT collection called “Inbetoners”, which the court noted that the complaint was not worked.
The legislature claimed that Dolis and Gabana abandoned the NFT project
The complaint alleges that Dolls and Gabana and UNXD together made and promoted the DG Family, which will provide the benefits of delivering the benefits of “high price” to the buyers at a quarter of more than two years.
Some of the alleged promised people were digital organizations for NFT holders for Wickerland Metaware, physical clothing and direct events.
However, legalism claims that Dolis and Gabana “have failed to provide a complete set of their promise” and millions of dollars survived selling NFTS.
The American arm argued that it is not included in NFTS
Dolis and Gabana, the United States, filed a case in January to reject the case, arguing that it was a separate entity that could not be linked to its Italian parent company’s actions.
He argued that “D&G USA has not entered any joint venture with UNXD, or any other company to sell, advertise or promote any NFT.”
The firm argued that the evidence of the complaint has proved that the NFT project started with its core company in Italy and did not have enough relations between the US and Italian firms.
Lawyers failed to separate the USA and Italian firm: Judge
Judge Bochold said that the legalization is clearly inadequate to tolerate the dismissal movement of the D&G USA “because it has named both the US and Italian company as” Dolis and Gabana “and declared all the mismanagement with this joint manner, without any difference.
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He said that the amended legislature detailed the “ownership, officers, directors and personnel between the two firms”, such as the CEO, the operating chief and the IT and IT and the marketing executives.
However, the case failed to provide “specific examples” of how these executives were included in the NFT project.
“The court has found that the plaintiff has not properly alleged that D&GSRL has fully dominated D&G USA, even if D&GSRL allegedly shared with some employees and office D&G USA,”
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