According to Odaily, Oracle Corporation, a leading software development company, has filed a lawsuit against cryptocurrency startup Crypto Oracle LLC and its owner, Louis Kerner. The lawsuit accuses them of resuming activities that infringe on Oracle's trademark rights and blatantly violating a previous settlement agreement.
Oracle initially sued Crypto Oracle in 2019, alleging that the company used Oracle's well-known trademark as part of its 'CryptoOracle' brand. This brand was reportedly used to market cryptocurrency-related services to Oracle's own clients and users. Following the lawsuit, both companies reached a confidential settlement, and in 2020, a court issued a permanent injunction prohibiting Crypto Oracle from using the 'CryptoOracle' name or any variations of Oracle's trademarks.
However, Oracle now claims that Crypto Oracle and Kerner have resumed using the 'CryptoOracle' name and brand. They are accused of launching new business ventures, maintaining infringing domain names, and organizing events under the 'CryptoOracle Collective' brand. These actions are said to be in violation of the settlement agreement and the court's injunction.
