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article imageJay Z named in $600 million lawsuit over Brooklyn Nets trademark

By Layne Weiss     Jan 24, 2014 in Business
New York - Hiphop mogul Jay Z has been named as a defendant in a $600 million lawsuit filed by Dr. Francois de Cassagnol, an entrepreneur who claims he trademarked the "Brooklyn Nets" name before the team moved out of New Jersey.
JayZ sold his share of the Nets last year, but nevertheless, he, the NBA, and developer Bruce Ratner are being sued for "fraudulently conspiring" to "use loopholes" in the US patent office so that they could the term "Brooklyn Nets," which de Cassagnol claims he trademarked over ten years ago, Radar Online reports.
Furthermore, de Cassagnol alleges that he contacted the New Jersey Nets organization and the NBA before the team moved to Brooklyn, and was assured that the team would not use the "Brooklyn Nets" name, and would opt for the name "New York Nets" instead.
Dr de Cassagnol filed his complaint with the Eastern District State of New York on December 9, 2013. He is seeking a juried trial, and at least $600 million in damages. The value of the New Jersey Nets has increased "several hundred million dollars" since the organization's move to Brooklyn, so de Cassagnol is also asking the court to prevent the NBA and associated organizations from ever using the term "New Jersey Nets" again.
The documents submitted as evidence reveal that in 2012, de Cassagnol filed applications for the "Brooklyn Nets Entertainment Logo," which was first used in Louisiana in 2003.
Dr de Cassagnol has been in a legal struggle ever since the team announced they would now be called the "Brooklyn Nets" in 2012.
You can view the court papers here.
More about bruce ratner, brooklyn nets, Trademark, Lawsuit, Jay z
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