Songcoin: Not related to Coinye. (Photo : Coinye)You may remember that back in January, a new form of digital currency was launched called 'Coinye West,' which was named, of course, for rapper Kanye West, and featured a cartoon representation of his likeness. Though one would assume that having his name and face plastered on as many products as possible would be Yeezy's ultimate life goal, the 'Bound 2' rapper actually wasn't too thrilled about it, so much so that he filed a trademark-infringement lawsuit against the company pretty much immediately. Radio.com now reports that on July 22, the lawsuit had been settled in West's favor by the United States District Court for the Southern District of New York.
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The defendants in the case involved 100 John and Jane Does, with three having previously settled with West out of court. However, as most of the defendants in the case never actually responded to the complaint filed against them, West ended up winning the lawsuit by default.
West's initial complaint in January kept the identities of the defendants anonymous, but after the company simply changed its name from 'Coinye West' to 'Coinye' and altered West's cartoon likeness with a fishtail, an amended complaint was issued in March, identifying the founders of Coinye by name along with their email addresses. The amended claim read, 'Defendants have cowardly sought to remain anonymous by using Registry privacy services and other means to shield their identities...The expedited discovery ordered by the Court, however, has allowed Plaintiffs to ascertain the identities of many of the previous Doe Defendants.'
In more exciting news, Kanye's new album might be out by September.
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