Oracle sues CryptoOracle for ‘trading on its reputation’

IT giant Oracle is suing blockchain startup CryptoOracle over its name.

CRN reports that it filed a lawsuit against the company and Louis Kerner, its owner and managing partner, claiming trademark infringement and cybersquatting in the Northern District of California.

The complaint states that the New York-based venture intentionally chose the brand name CryptoOracle “to trade on Oracle’s reputation as an innovator and leader within the technology industry, and to evoke among consumers the goodwill that Oracle has built in its own famous brand.”

Neither Oracle nor CryptoOracle replied to a request for comment.