Documents filed in the US District Court for the Northern District of California on 2nd October 2015 show that Ripple is seeking damages in of $2m from Kefi Labs for trademark infringement, cybersquatting and unfair competition.
Ripple have alleged in the lawsuit that Kefi Labs and its employees have used domain names such as asgetripple.io, this they claim is “confusingly similar” to Ripple and therefore likely to cause consumer confusion.
Attorney Lawrence Gordon, of Feldman Gale PA in a written statement on behalf of Ripple stated:
“Defendants are harming consumers and irreparably damaging goodwill associated with Ripple Labs Ripple trademarks and Ripple Labs”,
Ripple are now seeking the acquisition of rights to Kefi Labs’ current domain name and are encouraging the company to abandon a trademark filing for Ripple. They are further seeking to ensure that Kefi Labs are ordered to “destroy” all offending products and marketing materials.
Ripple have issued a deadline to Kefi Labs and have asked that its terms be complied with, within 30 days of the filing of the lawsuit. They have further requested that Kefi Labs supply them with a “verified report” confirming that its terms have been complied with. In the event that the terms are not complied with, Ripple have asserted that they are prepared to take the case to a jury trial.
Spokespersons for Kefi Labs and Ripple were not available for comment.