Saturday, November 19, 2022

Mason Rothschild Is Sued Over Hermes Birkin Bag NFT Now Oral Argument Citing FTX Meta

 

By Matthew Russell Lee, Patreon Maxwell Book
BBC-Guardian UK - Honduras - ESPN NY Mag

SDNY COURTHOUSE, Nov 18 – Hermes has sued Mason Rothschild for using its Hermes Birkin name to market an NFT, METABIRKINS.  Just added "meta" changes nothing, it says.              

       On April 8, U.S. District Court for the Southern District of New York Magistrate Judge Gabriel W. Gorenstein held a proceeding. Inner City Press covered it.

 Judge Gorenstein said that all fact discovery must be completed by August 9.

 The parties say a trial would take five days.

On May 4, after the case was reassigned from Judge Alison J. Nathan, now on the Second Circuit, to Judge Jed S. Rakoff, an oral argument was held by Judge Rakoff. Inner City Press covered it. The defendant argued that its products are art.

Jump cut to November 18, 2022, with Judge Rakoff's courtroom and jury box nearly full for an oral argument in the case. Inner City Press went and covered it:

Hermes lawyer is presenting his view of 2d Circuit's "Welcome to Twin Peaks" decision.

Judge Rakoff says readers of NYT and WSJ sould temper that with the New York Post. Counsel quips, At least for the sports section.

Judge Rakoff: My knowledge of the Metaverse is limited. But how can one wear this bag in the Metaverse? I'll send my next opinion not to the 2d Circuit but to the Metaverse. People are buying NFTs. I hope they are not using crypto currency

Hermes' lawyer says these NFTs can *only* be bought with crypto currency, notes that 'in lat ten days thos market has cratered" - but no direct mentoon of FTX

 Wait- Hermes lawyer now does say FTX, calls customers 'less than sophisticated."

Lawyer for Mason Rothschild decries a "blizzard of red herrings."

Lawyer: Beyonce has sung about Birkin bags. It part of our culture. It is political. 

Judge Rakoff: Buy the Meta-Birkin exposes the hollowness of weath?

Lawyer: Well, it is covered in goofy, garish fake fur. It's like Andy Warhol.

Judge Rakoff: So your client will donate his earnings to the poor? Lawyer: Well, he has a project about climate change

The case is Hermes International et al v. Rothschild, 22-cv-384 (Rakoff / Gorenstein)

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