RATE Group | Oracle targets cryptocurrency startup in TM suit
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Oracle targets cryptocurrency startup in TM suit

19 Aug Oracle targets cryptocurrency startup in TM suit

Posted at 10:39h in Cryptocurrency News by

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US technology company Oracle has sued a cryptocurrency startup for trademark infringement and an award of profits and treble damages.

In the lawsuit, filed at the US District Court for the Northern District of California last Thursday, August 15, Oracle claimed that New York-based startup CryptoOracle’s name was confusingly similar to its own brand.

Oracle, who sell a wide range of computer software and hardware products, own multiple trademarks for the ‘Oracle’ brand.

According to the tech corporation, its “incontestable” marks cover services related to financial services and analysis, including cryptocurrencies.

CryptoOracle, whose founder and CEO Louis Kerner was also named as a defendant in the suit, has attempted to register its brand name as a trademark.

Kerner has made several recent media appearances relating to the startup, which Oracle says caught its attention.

Oracle sent a cease-and-desist letter to the New York company, but was unable to reach an…

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