US court to continue reviewing Blockchain's lawsuit against Paymium

The New York Federal Court rejected the application of the fintech company Paymium, in which it demanded to stop the consideration of the claim for violation of the trademark filed against it by the largest provider of blockchain wallets Blockchain.

Blockchain Motion Ruling by BlockchainJournal on Scribd

The lawsuit against Paymium and its CEO Pierre Neusat was initiated by the British company Blockchain in September last year. In it, the company claims that the blockchain.io platform created by Paymium deliberately misleads users using the design elements of Blockchain.com.

In February 2019, Paymium filed a motion to terminate the claim due to insufficient argumentation by the plaintiff. Also, according to the company, the court in New York has no jurisdiction over Pierre Neusat.

However, as follows from published court documents, the petition in its part to terminate the claim for allegedly violating a trademark was rejected. Consequently, the lawsuit filed by Blockchain will be considered further.

At the same time, the court agreed with the argument that it does not have enough jurisdiction over Payrum CEO Pierre Neusat.

Note that the original Blockchain lawsuit also claimed that the blockchain.io platform was created as a result of rebranding by Instawallet with the goal of “hiding its ends in water” after the latter was hacked in 2013.

In addition, the court agreed with Blockchain’s allegations that Paymium, which had an ICO in its plans, did not file an application for registration with the US Securities and Exchange Commission (SEC), although it stated the opposite. This part remained in the lawsuit and will also be considered in the course of further hearings.

Recall that in July, Blockchain announced the launch of its own trading platform called The PIT.

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