Courtroom Dramas: A Battle of Blockchain Titans
The New York Federal Court recently delivered a plot twist in the ongoing saga between Blockchain.com and the fintech startup Paymium. It seems that using the domain blockchain.io has turned into a legal thriller worthy of its own episode on a courtroom drama show. This ruling has not only caught the attention of crypto enthusiasts but is also significant enough to make the legal eagles swoop in.
The Trademark Tug-of-War
The drama began back in September 2018 when Blockchain.com decided it was time to file a lawsuit against Paymium. They claimed that not only was the use of blockchain.io a blatant trademark infringement, but it also involved some underhanded marketing tactics including unfair competition and false advertising. Sounds like a classic case of “You can’t sit with us!” in the blockchain world.
Paymium’s Daring Dismissal Attempt
Fast-forward to February 2019, and Paymium threw down the gauntlet with a motion to dismiss the allegations, arguing that the complaint lacked a solid foundation. They claimed that Blockchain.com couldn’t even hit the basics of establishing jurisdiction over CEO Pierre Noizat, the self-proclaimed captain of the Blockchain ship. However, the court wasn’t buying it.
Legal Arguments Unpacked
Blockchain.com’s argument was as thick as a New York bagel. They insisted that their trademark was not just a common phrase but had developed a significant secondary meaning tied to their brand. The legal experts agreed, noting that the similarities between Blockchain.com and Blockchain.io were enough to let the case sail through the court system.
False Claims and SEC Shenanigans
If you thought the drama couldn’t get more intense, hold onto your hats! The court found Paymium’s claim stating they were registered with the SEC to be about as true as a politician’s promise. The only interaction with the SEC was the filing of a Form D—which does not equal
+ There are no comments
Add yours