U.S. District Judge Naomi Reice Buchwald dismissed a $25 million class-action suit alleging that Dolce & Gabbana USA orchestrated a “rug pull” via its DGFamily NFT drop. Though investors claimed the project promised digital and physical apparel plus event access, the court ruled that the Italian parent company controlled the effort—and USA’s branch only provided compliance assistance, failing to meet the “alter ego” liability standard.
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