Delaware corporation Finco Services, which provides online and mobile banking services under the brand name Current, went into litigation in a NY Court with Facebook and Calibra, accusing them of visual similarity in logos and anticipating possible confusion between them.
In particular, according to the lawsuit document, Facebook and Calibra are accused of trademark infringement, unfair competition, and "false designation of origin". Finco Services demands a court order that would stop Calibra using its logo.
Finco explained in the lawsuit that both companies ordered the branding strategy from the same company – Character SF, which they are suing too. The logo for the brand Current was created back in 2016 and was registered with the U.S. Patent and Trademark Office to be used, among other things, for services, involving cryptocurrencies.
According to the plaintiff, when Character SF created a “nearly identical” logo for Calibra, the company addressed the issue with the general counsels of Calibra and Facebook, but did not get satisfiable action from them. Therefore, Finco Services is suing Facebook and Character SF.
Meanwhile, the launch date of the Facebook-led Libra coin, which is supposed to be supported by Calibra wallet provider, is yet to be settled. As COIN360 reported earlier, skeptics will soon be able to bet on whether Libra will launch by the end of 2020 or not.