NFT lawsuit against Dolce & Gabbana in doubt as US arm cleared

A New York federal judge dismissed the proposed class-action lawsuit against Dolce & Gabbana USA Inc., finding the US arm was not an "alter ego" of its Italy-based parent, Dolce & Gabbana SRL. Judge Naomi Reice Buchwald ruled in an order issued on Friday. The suit, filed in May 2024 and amended in September, alleged that the companies failed to deliver benefits promised under the "DGFamily" NFT project launched in 2022 and kept over $25 million from it. Buchwald said the complaint lumped both companies together without showing what each did, and the suit's future remains in doubt because the other named defendants were not served.