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HomeHome > Judicial Development > US&UK > Trademark

UMG settles 'Republic' trademark lawsuit against investment platform

Post time：12-17 2024 Source：Reuters Author：Blake Brittain
tags： UMG trademark lawsuit
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Dec 16 (Reuters) - Universal Music Group (UMG.AS) has resolved a trademark lawsuit that claimed investment platform Republic and blockchain platform Opulous' use of the "Republic" name caused consumer confusion with UMG's sub-label Republic Records, according to a filing in New York federal court.
 
The companies told the court on Friday that they had settled the music label's lawsuit in principle and asked the court to dismiss the case. Attorneys and spokespeople for the companies did not immediately respond on Monday to requests for comment and more information.
 
UMG sued Republic in 2021 after it announced a service for investing in musicians' songs to earn returns from streaming royalties. UMG added music-related blockchain platform Opulous to the case in an amended complaint in 2022.
 
The lawsuit said that Republic and Opulous' venture would mislead consumers into thinking it was affiliated with UMG imprint Republic Records, whose roster includes Taylor Swift, Drake and Stevie Wonder.
 
Republic and Opulous denied the allegations. U.S. District Judge Analisa Torres rejected UMG's request in 2022 for a preliminary order blocking Republic from using the name.
 
The case is UMG Recordings Inc v. OpenDeal Inc d/b/a Republic, U.S. District Court for the Southern District of New York, No. 1:21-cv-09358.
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