February 3, 2023

Munger, Tolles & Olson Secures Dismissal in Lawsuit Involving Stolen NFTs

Munger, Tolles & Olson successfully secured the dismissal of claims against NFT marketplace OpenSea in a federal lawsuit seeking $6 million in damages arising from stolen Bored Ape Yacht Club NFTs.

The U.S. District Court for the District of Nevada dismissed with prejudice a plaintiff’s claims against OpenSea, holding that the plaintiff’s claims were barred under the economic loss doctrine. The litigation stemmed from the theft of the plaintiff’s NFTs while trading.    

The MTO team was led by Jonathan Blavin and included Erin Cox.