24.08.2016 17:49:30
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AT&T And Citigroup End Legal Battle Over Trademark Infringement Claim
(RTTNews) - Citigroup Inc.(C) and AT&T Inc. (T) have decided to ended a legal battle over a trademark infringement claim on customer loyalty program.
Both the companies have dismissed their claims against each other with prejudice, which means the same lawsuit cannot be reignited at a later date.
Citigroup has had a loyalty program called "ThankYou from Citi" since 2004. Citi filed a suit in June alleging that AT&T's new "AT&T Thanks" program violates its trademark by causing confusion to customers.
A US Federal judge refused to block AT&T from using "AT&T thanks" for its customer loyalty program. Judge Katherine Forrest said that although both of the companies use similar words that convey a message of gratitude for their loyalty program, they cannot confuse customers because they are in different businesses-- banking versus telecommunications services.
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AT&T Inc. (AT & T Inc.) | 24,98 | 0,75% |
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Citigroup Inc. | 77,64 | 0,69% |
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