Blockchain Capital Isn’t Flattered by Imitation, Sues Equally Named Firm
Venture capital firm Blockchain Capital filed a lawsuit Thursday alleging a Florida company, Blockchain Capital Management LLC (BCM), has infringed on its trademark by the use of a the same title to characteristic within the financial services sector. BCM’s founder says the accused firm will quickly be dissolved.
- The San Francisco-primarily based Blockchain Capital used to be co-founded by crypto entrepreneur Brock Pierce and partners Bart Stephens and Bradford Stephens in 2013. The enterprise capital firm has invested in over 55 tokens and equities.
- Blockchain Capital’s criticism argues the alleged infringement can space off confusion and creates the different of the final public being deceived.
- The San Francisco-primarily based firm wants the Florida Secretary of Disclose to either dissolve BCM or power it to make a selection ‘Blockchain Capital’ from its title.
- The swimsuit will likely be short-lived as BCM founder Fareed Ifthikar told CoinDesk in a LinkedIn message that BCM is basically a dormant company and has no draw of scuffling with the case.
- “We recognize requested our counsel to birth the technique of dissolution for the aforementioned company and wants to be performed quickly,” acknowledged Ifthikar
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