Blockchain Capital Isn't Flattered by Imitation, Sues Similarly Named Firm
Blockchain Capital alleges the similarly named Blockchain Capital Management is infringing on its trademark.
Sep 4, 2020 at 7:06 p.m. UTCUpdated Aug 19, 2021 at 4:10 a.m. UTC
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Venture capital firm Blockchain Capital filed a lawsuit Thursday alleging a Florida company, Blockchain Capital Management LLC (BCM), has infringed on its trademark by using a similar name to operate in the financial services sector. BCM's founder says the accused firm will soon be dissolved.
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- The San Francisco-based Blockchain Capital was co-founded by crypto entrepreneur Brock Pierce and partners Bart Stephens and Bradford Stephens in 2013. The venture capital firm has invested in over 55 tokens and equities.
- Blockchain Capital’s complaint argues the alleged infringement can cause confusion and creates the possibility of the public being deceived.
- The San Francisco-based firm wants the Florida Secretary of State to either dissolve BCM or force it to remove ‘Blockchain Capital’ from its name.
- The suit may be short-lived as BCM founder Fareed Ifthikar told CoinDesk in a LinkedIn message that BCM is largely a dormant company and has no intention of fighting the case.
- “We have asked our counsel to start the process of dissolution for the aforementioned company and should be completed soon,” said Ifthikar
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