Sunday , March 26 2023

US The court will continue to review blockchain claims against Pemium


New York's federal court rejected Fintech's firm Pemium's application, in which it sought to stop the consideration of a trademark infringement claim filed against it by Blockchain's largest provider of blockchain.

Blockchain Speed ​​Rule by ForkLog on Scribe

In September last year, a lawsuit was launched by British company Blockchain against Pemium and its CEO Pierre Neusat. In it, the company claims that the platform created by Pemium deliberately misleads users by using's design elements.

In February 2019, Pemiam filed a motion to terminate the claim due to insufficient arguments by Plaintiff. Also, according to the company, the court in New York has no jurisdiction over Pierre Nusset.

However, the plea made on its part was dismissed, according to published court documents, on the grounds that the trademark infringement allegation was dismissed. As a result, litigation filed through blockchain will be considered further.

At the same time, the court agreed with the argument that it did not have sufficient jurisdiction over Payaram CEO Pierre Neusat.

Note that the original blockchain lawsuit also claimed that the platform was created as a result of rebranding by InstaWallet with the goal of "hiding in the water at its end" after being hacked later in 2013.

In addition, the court agreed with Blockchain's allegations that Pemium, which in its plans, was referred to the ICO. Is, US Did not apply for registration with the Securities and Exchange Commission (SEC), however, contrary to it. This portion remained litigation and will be considered during the next hearing.

Recall that in July, Blockchain announced the launch of its own trading platform called PIT.

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