Meta settles trademark lawsuit brought by investment firm Metacapital [Reuters]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Reuters
Meta and Metacapital that they had agreed to a settlement in principle and asked the U.S. District Court for the Southern District of New York to pause the case while they finalize the agreement. The companies did not immediately respond to requests for comment and more information about the settlement. Meta Platforms in October 2021 to reflect its focus on the metaverse, a shared virtual realm. It applied to register "Meta" trademarks in 2022 related to financial services including investment management. New York-based Metacapital Meta is facing other trademark lawsuits over its name change from and Report this ad Metacapital said in its lawsuit that it has been using its name since its founding in 2001. The firm said its clients have included major financial institutions like CitiBank, Barclays and JP Morgan. Metacapital said Meta's name change would cause consumer confusion and requested damages of at least $60 million, the amount that Meta of regional bank Meta Financia
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META
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- 2/1/24 - Beat
META
Sec Filings
- 5/31/24 - Form 4
- 5/31/24 - Form 8-K
- 5/30/24 - Form 4
- META's page on the SEC website