The Stock of Under Armour Inc (NYSE:UAA) closed at $15.03 gaining 4.09% in yesterday’s trading session. A business owner from North Carolina has moved ahead to file a lawsuit regarding trademark infringement against the athletic retail giant Under Armour which is based in Baltimore.
The Fayetteville businessman Kelsey launched a series of complaints in the U.S. District Court for the Eastern District of North Carolina purporting to the fact that Under Armour had for over quite some time used his ICAN mark in ones of its many diverse product lines.
A partner in the Los Angeles office of Irell & Manella, Victor Jih outlined that all they were in pursuit of was to push for the respect of his trademark rights. He said that he was going to do all within his means to ensure that the legal battle was ruled in favor of the businessman.
He opined, “In creating the ICAN mark, the defendant was inspired by his military service and life experiences to create a faith-based and empowerment-oriented brand for apparel. The ICAN mark represents aspiration and ambition-The Brand of a Positive Life.”
According to him, it was back in 2006 that the registration for the mark was issued and it was not until 2015 that it was renewed.
In making his statement, Jih asserted that the Battle’s legal team was looking forward to making a determination on the extent of Under Armour’s infringement [alleged in the complaint] in the court.
Reports indicate that the defendant had paid a visit to the Belk department store when he suddenly stumbled upon the infringement. He saw a number of shirts well-organized and all of them bore his ICAN mark .He attested to the fact that he from time to time kept receiving congratulatory messages from business contacts and friends for what most of them looked to as partnership stricken with Under Armour.
A person familiar with the matter disclosed that Under Armour had in a blatant way disregarded Mr. Battle’s trademark rights and was above all taking advantage of the fact that it had quite a huge number of resources and was bigger in size at the same time.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of USmarketsDaily.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: