D&G USA Cleared in DGFamily NFT Suit; Italian Parent Sued
On July 11, a U.S. federal judge dismissed Dolce & Gabbana USA from a class-action over the DGFamily NFT project, ruling it was not the alter ego of the Italian parent, D&G S.R.L.
Filed in May 2024 and amended in September, the lawsuit alleged the D&G brands abandoned the DGFamily NFT venture after selling some 5,000 digital “boxes” for 1.224 to 40 ETH (roughly $3,600 to $120,000), failed to deliver promised digital wearables, physical goods and event access, and held onto over $25 million of customer funds. With only D&G S.R.L. still facing litigation, the case now focuses on corporate liability.
Traders should note that clear corporate separation may limit legal exposure in future NFT projects. The ruling is expected to have a neutral impact on the crypto market.
Neutral
The dismissal of Dolce & Gabbana USA narrows legal risk to the Italian parent without affecting the DGFamily NFT utility or market demand. Traders are unlikely to react with significant buying or selling pressure, as the ruling clarifies corporate liability but leaves the NFT project itself intact. Short-term volatility should be minimal, and long-term impacts depend on how future NFT ventures structure corporate separation.