Michaela Alvez
Oracle Corporation has filed a new lawsuit against Crypto Oracle LLC and its owner, Louis Kerner, for allegedly violating its trademark and ignoring a previous settlement agreement.
The legal battle began in 2019 when Oracle initially filed a lawsuit against the crypto firm accusing it of using its famous trademark as part of its “CryptoOracle” brand and marketing crypto-related services to Oracle’s customers and users.
In 2020, the two companies came to a private resolution, which included a court-issued permanent injunction. This ruling prohibited Crypto Oracle from using the name “CryptoOracle” or any variation of the Oracle trademark.
The new lawsuit, filed on November 25 in a California federal court, now claims that the crypto startup and Kerner have resumed using the “CryptoOracle” name and its associated branding. It also allegedly launched new projects, kept the infringing domain name, and organized events under the “CryptoOracle Collective” brand.
The lawsuit also accused the firm of trademark infringement, unfair competition, dilution of its trademark, cybersquatting, breach of the settlement agreement, and civil contempt of court.
The software development giant is seeking injunctive relief, monetary damages, statutory penalties, attorney fees, and the transfer or removal of infringing domains and branding.
Big Companies Cry Foul vs. Trademark Infringement
As the cryptocurrency sector matures, the importance of professionalism and legal diligence in branding has never been clearer. Oracle Corporation is not the first major company to accuse a crypto firm of trademark infringement.
In October 2023, Trader Joe’s, a popular supermarket chain, filed a lawsuit against a crypto exchange platform also named “Trader Joe,” accusing the decentralized exchange (DEX) of infringing on its trademark.
Additionally, NanoLabs made headlines in February 2023 for taking legal action against major crypto exchange Coinbase, accusing it of trademark infringement related to the use of the “Nano” name for its futures contracts. NanoLabs claimed this caused confusion among consumers.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
