A number of celebrities, including Justin Beiber, Paris Hilton, Jimmy Fallon and Madonna, among others, were named as plaintiffs in a class-action lawsuit, alleging that <a href="https://www.coindesk.com/learn/whats-the-story-behind-bored-ape-yacht-club-creator-yuga-labs/" target="_blank">Yuga Labs</a> non-fungible tokens (<a href="https://www.coindesk.com/learn/what-are-nfts-and-how-do-they-work/" target="_blank">NFT</a>) collections were "misleadingly promoted" and resulted in financial damage to the defendants.

A Californian law firm filed a class-action suit against almost 40 people and companies, including Yuga Labs and MoonPay, alleging they were part of “a vast scheme” of undisclosed celebrity endorsements.

Yuga Labs rode the <a href="https://decrypt.co/resources/what-is-bored-ape-yacht-club-the-celebrity-nft-of-choice" target="_blank">Bored Ape Yacht Club</a> NFT rocket ship to a <a href="https://decrypt.co/95706/bored-ape-cryptopunk-nfts-yuga-labs-450m-4b-valuation" target="_blank">$4 billion valuation</a> and <a href="https://decrypt.co/resources/what-is-yuga-labs-otherside-inside-the-bored-ape-yacht-club-metaverse" target="_blank">big metaverse plans</a>, but it was pseudonymous artist <a href="https://allseeingseneca.com/" target="_blank">All Seeing Seneca</a> who led the original design of the disinterested Apes. Now they’re everywhere.

The FIFA World Cup fever goes on to the next level, pretty much where the digital community was expecting it to. In a recent development, Yuga Labs took to Twitter to announce its collaboration with Adidas. The objective is to launch the Limited World Cup collection of Yuga Labs.

NEW YORK--(<a rel="nofollow" href="https://www.businesswire.com/">BUSINESS WIRE</a>)--<a target="_blank" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fscott-scott.com%2Fsec-investigation%2Fyuga-lab-inc%2F&amp;esheet=52977193&amp;newsitemid=20221123005152&amp;lan=en-US&amp;anchor=Scott%2BScott+Attorneys+at+Law+LLP&amp;index=1&amp;md5=81460f98e8165013a515d62c048f5dfb" rel="nofollow">Scott+Scott Attorneys at Law LLP</a>&nbsp;(“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Yuga Labs, Inc. (“Yuga” or the “Company”) or certain of its officers, directors, promoters, and corporate insiders violated federal securities laws. If you purchased Yuga securities (e.g., Bored Ape Yacht Club, Mutant Ape Yacht Club, or Bored Ape Kennel Club non-fungible tokens, ApeCoin tokens, or virtual land) and have suffered losses to your Yuga investments,&nbsp;<b>you are encouraged to contact Scott+Scott attorney Sean Masson at (212) 519-5522 or&nbsp;</b><a target="_blank" href="mailto:[email protected]" rel="nofollow"><b>[email protected]</b></a><b>.</b>