Encrypted messaging corporation Telegram has submitted a trademark match against a Florida corporation that also intends to make a cryptocurrency named “gram.”
The match, which was submitted on Could 11 in the San Francisco department of the US District Court docket for the Northern District of California, alleges that Lantah LLC violated Telegram’s assistance mark rights when it submitted a trademark application for “gram” in February. The news was 1st noted by legal publication The Recorder.
As CCN has noted, the Pavel Durov-led business raised $1.7 billion from a team of less than 200 accredited investors to fund the advancement of the upcoming Telegram Open Network (TON), whose indigenous cryptocurrency will be named GRAM.
Having said that, in February Lantah LLC submitted a trademark registration for “gram,” stating that it intended to establish a “virtual forex for use by members of an on-line group by way of a worldwide laptop or computer network.” That application, incidentally, was submitted soon after Telegram had begun boosting money for its network.
Telegram promises that it has obtained “common regulation trademark rights” to GRAM since it has by now carried out a “widely noted on and hugely prosperous featuring of Acquire Agreements” working with the time period. The business further alleges that Lantah is working in terrible faith and seeks to earnings from manufacturer confusion.
From the grievance:
“Lantah’s unauthorized use in commerce of a assistance mark that is confusingly comparable to Telegram Messenger’s GRAM mark has brought about and is possible to keep on to cause confusion or slip-up, or to deceive customers and prospective customers, the general public, and the trade about an affiliation, link, or affiliation involving Lantah and Telegram when there is no these types of affiliation, link, or affiliation.”
These kinds of manufacturer confusion can have major effects. When Venezuela started accepting preorders for its “petro” cryptocurrency before this yr, an unrelated token of the exact title briefly knowledgeable a pronounced value rally as baffled investors obtained it imagining they ended up purchasing the condition-backed token.
Daniel Jeffrey, the principal operator of Lantah LLC, told CCN in an emailed assertion that, contrary to Telegram’s assert, Lantah was working with the “gram” trademark before it was even aware that Telegram had resolved to market a products below the exact title.
“Lantah was publicly working with the Gram title before we ended up even aware of Telegram’s conclusion to market just one of their goods with the exact title. This was backed up by the availability of the trademark,” he explained. “We are now acquiring the issue reviewed by counsel.”
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