Fraudulent Trademark Ownership Claims Lead to Near $4 Million Punitive Damages Verdict
IP Watchdog
NOVEMBER 13, 2023
On November 8, a Central California jury entered a verdict awarding $3.9 million in punitive damages against Internet financial platform ConsumerDirect. The verdict comes weeks after U.S. District Judge James Selna granted a motion for sanctions after finding that ConsumerDirect fraudulently represented its ownership of unregistered trademarks while obtaining a preliminary injunction in U.S. district court against Array.
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