It is now an order that Telegram needs to pay Lanta, LLC $625,000 in legal fees for suing them for using their trademark.
Lanta will now get compensation from Telegram after they were sued for using their trademark. In their request, the small cryptocurrency firm wanted $900 per hour, and the judge reduced it to $600 to ensure that it is in line with the market traits. Additionally, $6,737.35 was awarded to Lanta, and there was no objection from the social platform, Telegram.
Major updates
- The lawsuit between Lanta and Telegram has been on since 2018.
- Telegram accused Lanta LLC of trademark infringement and plagiarism.
- However, Lanta also countered the suit in June 2018, stating that they have the trademark, and they were not copying Telegram.
- Telegram had to dismiss the case voluntarily based on the ruling mandate
- They need to pay attorney fees to the small cryptocurrency firm.
Although the ruling favored Lanta, Telegram is in the right position to file future claims against Lanta if they wish.
However, one of the conclusions met is that Telegram must notify the SEC before carrying out any digital issuance over the next three years.
