While Coinye, a joke cryptocurrency, may be effectively dead, the trademark lawsuit brought by Kanye West’s lawyers in January 2014 is not.
On January 7, the day that Coinye was supposed to launch, the venerable rap star sent a cease-and-desist letter to the Coinye team. West’s legal team cited “willful trademark infringement, unfair competition, cyberpiracy, and dilution,” as well as violations of “Mr. West’s right of publicity under state law.” Within a week, the letter grew to a full-blown lawsuit.
On Monday, a court filing showed that two named defendants—Harry Wills, of the United Kingdom, and Richard McCord, of California—are likely to settle with West and his attorneys. If the duo settles, they would be the first among the identified defendants to do so.
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