As a seasoned analyst with a decade of experience under my belt, I find myself often reminded of the adage “imitation is the sincerest form of flattery.” However, in this case, Oracle Corporation seems to be dealing with more than just a flattering imitation. The repeated infringement by Crypto Oracle LLC on Oracle’s trademark rights, coupled with the alleged violation of prior legal agreements, paints a picture of disregard for established boundaries.
once more, the software development behemoth Oracle Corporation has filed a lawsuit against Crypto Oracle LLC and its proprietor, alleging that they have infringed upon Oracle’s trademark and disregarded past legal contracts.
On November 25th, Oracle filed a lawsuit against Crypto Oracle and its owner Louis Kerner in a federal court in California, alleging that they had continued to infringe upon Oracle’s trademark rights and had also brazenly and blatantly breached a previous settlement agreement.
In 2019, the tech titan first initiated a lawsuit against the cryptocurrency company, alleging they had misused Oracle’s renowned trademark by incorporating it into their ‘CryptoOracle’ brand and employing this brand to offer cryptocurrency-related services to Oracle’s own clientele and user base.
In 2020, the court issued a long-term ban (permanent injunction) against Crypto Oracle, preventing them from utilizing the “CryptoOracle” name or any similar version of the Oracle trademark as part of a confidential settlement with another company.
As an analyst, I’m now stating that according to Oracle, Crypto Oracle and Kerner have reverted to using the ‘CryptoOracle’ name and branding, initiating fresh endeavors. They have also retained the disputed domain name and organized events under the banner of the “CryptoOracle Collective” – actions that reportedly breach the settlement agreement and court order.
Oracle has accused the defendants of trademark infringement, unfair competition, dilution of its trademark, cybersquatting, breach of the settlement agreement, and civil contempt of court.
The action is requesting remedies such as an order to stop (injunction), financial compensation, statutory fines, lawyer costs, and the deletion or relocation of infringing websites and trademarks.
Kerner did not immediately respond to a request for comment. Information on Crypto Oracle’s lawyers was not immediately available.
Legal squabbles involving crypto companies and trademarks are nothing new.
Back in February 2023, NanoLabs took legal action against the crypto exchange, Coinbase, claiming they had violated trademark rights with their Nano Bitcoin and Ether futures contracts.
Last year, in 2022, the charitable organization known as the Dfinity Foundation, which manages the Internet Computer blockchain, took legal action against Meta Platforms Inc., the corporation that owns Facebook, claiming they had misused the infinity symbol (Dfinity’s trademark) in their own logo.
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2024-11-27 07:22