Telegram will pay the crypto company $ 625,000 in the framework of the …

Telegram to pay crypto company $ 625,000 in the case of the “GRAM” trademark

Telegram Messenger Inc. must pay over $ 600 000 at the expense of legal costs cryptocurrency the Lantah company he sued due to her use of the GRAM trademark.

Telegram will pay the crypto company $ 625,000 in the framework of the ...

2 November US District Judge Charles Breuer approved the bill for 1,030.4 hours of attorney work at $ 600 per hour, Total for $ 618 240. The defendant asked to carry out the calculation by $ 900 bet, but the judge I decided push off from market prices. Additionally, the company is entitled to compensation of $ 6,737.35.

Telegram went to court in May 2018, collecting shortly before of this $ 1.7 billion to create your own blockchain-Telegram Open Network (TON) project. The company claimed that Lantah tried to register a trademark with such the same name like its own token, already after the emergence of information about the development of TON.

Telegram announced that it received “the right to trade sign "GRAM" in accordance with the norms of common law “because is he ran a “highly publicized and highly successful campaign” which used this name. The creator of the messenger also suspected that Lantah was carrying out malicious activities and planning extract benefiting from false association with the Telegram brand. Owner of Lantah LLC, in his queue, stated that him company used trade sign “GRAM” more before Togo, how she learned that Telegram is creating a product for themes same brand.

Telegram will pay the crypto company $ 625,000 in the framework of the ...

In August 2020 of the year, shortly after the official announcement of the closure of TON amid a SEC lawsuit and exchanges USA (SEC) and supporting the regulator’s position by a judge, Telegram withdrew the claim against Lantah. Lantah demanded “reasonable compensation” per legal services, but Telegram initially refused to pay, stating that most of the costs came from the defendant’s own unsuccessful strategy.