What’s Cooking in Court?
In a dramatic turn of events, Hermès International is making waves in a Manhattan federal court, aiming to halt artist Mason Rothschild from promoting his controversial “MetaBirkin” non-fungible tokens (NFTs). This action follows a jury ruling that Rothschild has trampled on Hermès’ trademark rights, particularly concerning its iconic Birkin bags. Talk about high-fashion drama!
The Jury’s Verdict
According to reports, the jury found Rothschild guilty of trademark infringement, trademark dilution, and even engaged in the no-no known as “cybersquatting.” Hermès was awarded a cool $133,000 in damages. The court filing dated March 3 indicates that Rothschild just couldn’t resist continuing his promotion of NFTs despite the verdict. Did someone forget to read the memo?
Hermès’ Demands
What can we expect moving forward? Hermès has requested that the court enforce a mandate that Rothschild cease using the “Birkin” trademark. Beyond that, they want the NFTs he still owns, the website for MetaBirkins, and, naturally, any earnings from those tokens since the jury’s ruling handed over to them. It’s like an intellectual property heist—minus the heist part.
Claims of Bad Faith
Hermès claims that Rothschild is apparently raking in a 7.5% royalty for each MetaBirkin sale. The fashion house argues that a permanent injunction is crucial, asserting that Rothschild has demonstrated a clear disregard for their intellectual property rights. They stated he has “shown that he cannot be trusted,” and even gone as far as making “repeated false statements.” Ouch!
The Artist’s Defense
On the flip side, Rothschild’s lawyer, Rhett Millsaps, has voiced strong objections, calling Hermès’ recent court filing a “gross overreach” and accusing the luxury brand of punishing the artist for simply expressing himself through art. As the two sides prepare for another round in court, we can only think: Will this rivalry ever reach a resolution, or is it destined to drag on longer than our last family Thanksgiving dinner?
Intellectual Property and NFTs: An Ongoing Saga
This case brings to the forefront critical questions about intellectual property rights within the rapidly evolving landscape of Web3 and NFTs. As court rulings like this continue to unfold, artists, brands, and legal experts alike are left scratching their heads, trying to find common ground in a digital domain that often defies conventional legal frameworks.