- Oracle decided to sue Crypto Oracle LLC for violating a 2020 settlement by using the “Crypto Oracle” name.
- Oracle seeks stronger protections for its brand, demanding the removal of Crypto Oracle’s domains and branding.
- Trademark disputes are growing in the crypto industry, with similar cases involving NanoLabs and Meta.
Oracle Corporation, a software development company, has again taken legal action against Crypto Oracle LLC and its founder Louis Kerner, accusing the crypto firm of violating a previous settlement and infringing upon Oracle’s trademark. The lawsuit was filed in a California federal court on November 25. However, the dispute began in 2019, when Oracle Corporation initially sued Crypto Oracle, claiming it misused its trademark to promote cryptocurrency services under the “Crypto Oracle” brand.
Although the two firms reached a confidential settlement, a court order permanently barred Crypto Oracle from using the “Crypto Oracle” name or any iteration of the Oracle trademark.
However, in the recent filing, Oracle claims Crypto Oracle is now back to using the “Crypto Oracle” name and brand despite a 2020 court injunction prohibiting it. The software company stated that the crypto startup has continued to use the contested name, kept the domain name, and even hosted events under the “Crypto Oracle Collective” banner, all of which allegedly breached the settlement agreement between the parties.
As a result, Oracle is seeking a combination of monetary damages, statutory penalties, and the removal or transfer of domains and branding associated with the Crypto Oracle name.
As of now, representatives for Crypto Oracle have not publicly responded to the allegations, and details about their legal representation remain unclear.
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