Telegram Messenger Inc has voluntarily dismissed its lawsuit in opposition to Lantah LLC over the usage of the ‘GRAM’ trademark for its cryptocurre
Telegram Messenger Inc has voluntarily dismissed its lawsuit in opposition to Lantah LLC over the usage of the ‘GRAM’ trademark for its cryptocurrency token of the identical title.
U.S. District Decide Charles Breyer dominated that Telegram should pay affordable lawyer charges to Lantah for defending the lawsuit since 2018.
As Lantah has not submitted information documenting its authorized prices, the events should now negotiate an affordable sum earlier than reconvening with the court docket.
The choose dismissed the swimsuit with out prejudice to refiling, permitting Telegram to make claims over the GRAM trademark sooner or later and rejecting Lantah’s request for dismissal with prejudice.
Telegram dropped the lawsuit after abandoning its Telegram Open Community challenge in Could and settling with the U.S. Securities and Alternate Fee in June.
Whereas Telegram introduced its plans to fund the launch of a blockchain community via the sale of GRAM tokens in late-December 2017, the Florida-based Lantah had fashioned in June 2017 and claimed to have already deliberate to difficulty a cryptocurrency known as GRAM earlier than Telegram.
Regardless of Lantah submitting an utility for the GRAM trademark by 2018, Telegram took authorized motion in opposition to the agency in Could 2018 after elevating $1.7 billion via a three-month providing of GRAM tokens.
Lantah filed counterclaims in June 2018, asserting that it had precedence over the trademark. Nonetheless, the court docket would grant Telegram’s request for a preliminary injunction barring Lantah from utilizing the trademark, noting that Telegram had begun utilizing the trademark inside a business context earlier than Lantah.