Over the summer season, Facebook unveiled its Libra cryptocurrency and the Calibra subsidiary that will assist handle it. Facebook additionally unveiled a brand for Calibra and, nicely, it seems considerably related to the brand of Current, a startup financial institution. Apparently, Current agreed, a lot in order that it has filed a lawsuit towards Facebook, alleging trademark infringement.
that is what occurs whenever you solely have 1 crayon left pic.twitter.com/2JY5JfesQD
— Current (@present) June 19, 2019
The go well with names 4 defendants: Facebook, Calibra, a Facebook subsidiary that owns IP associated to Calibra, and Character, the design company that made the Calibra brand. You may be stunned to see a design company named within the lawsuit — however Character apparently designed each logos, based on the lawsuit.
The two logos have been apparently designed three years aside. Current claims that it began utilizing its brand in August 2016, whereas Facebook’s brand for Calibra was revealed in June of this 12 months.
An mental property lawyer that CoinDesk spoke with sums up the case nicely:
“It is suspicious that the defendant’s logo came out of the same firm that created the plaintiff’s logo,” Howard Shire, a associate within the Intellectual Property Department of Pepper Hamilton LLP, advised CoinDesk.
We’ll have to attend for extra particulars of the case to come back to mild (in the event that they ever do) to find out about precisely why the 2 logos are so related. I suppose there’s at all times the possibility that completely different groups at Character made related logos three years aside, or that Facebook and Calibra had no concept that its brand was similar to Current’s. But the similarity positive does look suspicious.