Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark

News

Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark

06.11.2020 News

The Northern District Court of California ordered Telegram to pay almost $ 625 000 in legal costs to the startup Lantah LLC. The company has a dispute with this startup over the Gram brand.

In May 2018, Telegram filed a lawsuit against Lantah, accusing it of violating the rights to the Gram trademark. In June, the startup filed a counterclaim. Telegram planned to name Gram its own cryptocurrency, the project managed to raise $ 1.7 billion. The launch of the project failed due to a court injunction by the US Securities and Exchange Commission (SEC). SEC believed that Telegram’s cryptocurrency was essentially a security and that the company should follow listing rules, including disclosing financial information.

In August 2020, the court granted Telegram’s request to withdraw the lawsuit. The condition was to reimburse the startup for court costs. Lantah demanded $ 1,615,140, the lawyer’s hour was estimated at $ 900. The court lowered the rate to the market price of $ 600 per hour. As a result, Telegram must pay Lantah $ 618,240 for the lawyer and another $ 6737.35 in compensation.

Other articles

  • Tesla will sell shares for $ 5 billion
    News

    Tesla will sell shares for $ 5 billion

    Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]

  • Airbnb will try to get an estimate of $ 35 billion for an IPO
    News

    Airbnb will try to get an estimate of $ 35 billion for an IPO

    According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]

  • Tiffany received the counterclaim from LVMH
    News

    Tiffany received the counterclaim from LVMH

    Holding LVMH Moet Hennessy-Louis Vuitton (LVMH) reported that on Monday, September 28, filed a counterclaim against Tiffany in a Delaware court over a failed merger agreement between the two companies. The French holding and the American jewelry house agreed to merge in November 2019. The parties signed the agreement under which LVMH had to pay […]

Read also

Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
Analytics

Unlike Sweden which recycles more than 99% of its waste, Ukraine is suffering from rubbish

Only recently, people around the world began to realize that used things accumulated in landfills are not stored there for free. Those who drink dirty water, breathe dirty air suffer from that. People have to see an unpleasant sight and beware of pollution of the surrounding areas… However, this problem can be turned into money, […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

Zoom has launched a $ 100 million investment fund

The video conferencing service Zoom has announced the creation of its venture fund Zoom Apps Fund, its volume will be $ 100 million, this is stated in a press release from the company. Startups in the fund’s portfolio will receive from $ 250,000 to $ 2.5 million. In this way, the company wants to motivate […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

The German publisher is buying the Politico website for a billion dollars

The German publishing holding Axel Springer will purchase the Politico policy site. This was reported by the press service of Axel Springer. The holding has signed an agreement with the founder and publisher of Politico, Robert Allbritton, to acquire the American company Politico and the news website Protocol, which specializes in the technology sector. The […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

State part of Cherkassyoblenergo to sell in one package

The government committee has approved the sale of 71% of shares of PJSC Cherkassyoblenergo by one package.According to Delo.ua web-site, Igor Bilous, the head of the State Property Fund (FGI) reported about it. He says: “The decision on the merge of share blocks has been made, concerning Cherkassyoblenergo. We will sell the integrated packet of […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

A large producer of sugar invests $ 10 million in the plant in the Mykolaiv region

The  ED&F Man Ukraine company plans to invest another $ 10 million in a sugar refinery in the Mykolaiv region and expand its land bank to 45-50 thousand Ha. The previous investments of the company in the mentioned plant consisted about $ 30 million. This was announced by the Director of ED&F Man Ukraine – […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

Tokyo Stock Exchange interrupted work due to the technical problems

Technical failure occurred on the Tokyo Stock Exchange, due to which the trading was suspended. This is stated in the statement by Japan Exchange Group, which owns the exchange. “Trading of all shares on the Tokyo Stock Exchange has been suspended due to the failures related to the delivery of the market information, ” – […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

BMW will take off from the implementation of about 200 thousand cars

German automaker BMW will have to withdraw 193 thousand of its cars from the Chinese market. It is reported by Russian news portal Tass.ru with reference to The Xinhua News Agency. According to the original source, the car had to be removed from sale due to security problems: in particular, it is a defect of […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

Lufthansa suffered a quarterly loss of almost 2 billion euros

Deutsche Lufthansa reported that it suffered a loss of 1.97 billion euros in the third quarter of 2020 against a net profit of 1.15 billion euros a year earlier. The carrier’s revenue fell by 74% to 2.66 billion euros from 10.11 billion euros a year earlier. Adjusted loss before tax and interest payments (EBIT) was […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

For the first time in two months, the National Bank entered the interbank market

This week, for the first time in recent months, the National Bank of Ukraine went to the interbank market and bought $ 40 million. At the same time, it did not intervene in the sale of currency. The website of the NBU reported this. Finally, the NBU resumed interventions on the interbank market after a […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

The second plant of the Ukrspirt was sold at the auction

The State Property Fund sold the second object of the alcohol industry – Artemivsk distillery – for 50 million hryvnias. This was reported by the press service of the State Property Fund on Facebook. “The auction for the sale of the property of Artemivsk MTD and the storage of alcohol has just ended. This is […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

Italy starts antitrust investigation against Apple, Google and Dropbox

The Italian Antimonopoly Authority has announced that investigating allegations of fairness and improper commercial practices of Apple’s cloud services, Google and Dropbox. Along with the recent investigation into alleged fixing of prices, Italy’s antitrust regulator has said, that separately examines how companies, including Apple, manage their business in the cloud services in the country. According […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

UIA changed its profit to a loss in the year of the corona crisis

UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement. It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

Mondelis Ukraine will export its products to The EU and the Arab world

Mondelis Ukraine company (Kraft Foods Inc.) has invested $ 9 million in the purchase of new technical equipment for Trostiyanetska chocolate factory and started export of its products in 12 EU countries. The company also plans to increase the quantitative measure of the supply on the European market and in the countries of the Arabian […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

The IMF named the condition for the completion of the corona crisis

The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

Agrotrade extended the cooperation with the EBRD

The “Agrotrade” Company Group renegotiated long-term agreements with the European Bank for Reconstruction and Development (EBRD) for the next 5 years, – said the press service of the company. According to the report, it will be key to the success of the Group companies, to improve the investment climate in the region, economic development and […]

Next
Telegram was obliged to pay $ 625 000 to the startup due to a conflict over the Gram trademark
News

Ukraine’s gas storage facilities are half-full

Gas reserves in Ukraine decreased to 15.47 billion cubic meters, which is 50% of underground storage capacity. This is evidenced by the data of the GTS Operator of Ukraine. As of April 17, gas reserves were 4% lower than a year earlier. It will be recalled that Ukraine has started the heating season with record […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com