Citi sues pawn shop
I got a chuckle out of this one. What I did'nt like, Citi is suing for all profits made by the shop since using the Citi name. I hope the pawn shop wins, they did take off the little arcy thingy above the name.
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You'd think Citigroup would have bigger things to worry about these days than paying $1,000-an-hour lawyers to face off against a rinky-dink pawn shop in Brooklyn. Think again. Last week, the banking giant filed suit against All Citi Pawn on Neptune Avenue in Brooklyn for ripping off the bank's name and logo. In court papers, Skadden Arps' Ken Plevan, argued that the pawn shop is "tarnishing the extraordinary reputation of Citi," which he (rather generously) described as "one of the largest and most renowned banking and financial services institutions in the world." The bank is now suing All Citi for trademark infringement, dilution, false designation of origin, and unfair competition. But can a business that is profitable (which we're guessing the pawn shop is) really "dilute the value" of Citigroup when it's the bank—and not the pawn shop—that has reported record losses and had to rely on a government bailout to stay afloat?
More at: http://cityfile.com/dailyfile/4199
What a joke!
This is hysterical. As someone who works in a pawn shop, the idea of someone like Citi going after these guys is ridiculous. I understand they're trying to protect their identity, but is it really worth the expense? C'mon...
Citi is protecting its brand
If they don't it gives implicit approval to anyone else to modify and use their logo.
Not supporting a failed organization and recipient of over 150 billion dollars of taxpayer bailout money, just pointing out the legal rationale for proceeding with what seems to be very small potatoes.
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...In Liberty
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RON PAUL 2012
Counter sue for tarnishing the name of the pawn shop.
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Vote for Liberty...Buy Silver Eagles.
tarnishing the extraordinary reputation of Citi
They are joking aren't they about having such an extraordinary reputation, they are like most of the other big banking giants, they have stolen from us.