Jack in the Box ends suit against FTX for allegedly stealing its mascot

Published at: Jan. 21, 2022

Jack in the Box’s lawsuit against FTX US over an alleged mascot-related copyright and trademark infringement has come to an end after the parties reached a settlement.

The duo informed the District Court for the Southern District of California that they had resolved the dispute via a motion to dismiss on Jan. 20, however the specific details of the settlement have not been disclosed.

The popular fast food chain initially filed the suit at the start of November, alleging that the appearance and behavior of FTX US’s “Moon Man” mascot was a rip off of Jack in the Box’s “Jack” mascot that has trademark rights dating back to 1995.

Jack in the Box was initially seeking unspecified damages over allegations related to copyright infringement, trademark dilution, trademark infringement, false designation of origin and unfair competition.

“Rather than spending its vast financial resources to develop its own intellectual property, FTX brazenly and illegally copied or derived its ‘Moon Man’ mascot from JITB’s Jack,” the company alleged in court documents from November.

Cointelegraph reached out to FTX US regarding the details of the settlement, and a representative stated that “the terms of the settlement were not disclosed and there will be no further comment.”

I guess they settled with Jack in the box out of court. pic.twitter.com/fu6BBUjObz

— Piney Pineapple (@jim_b4_the_rugs) January 20, 2022

Jack in the Box describes its mascot as “a typical adult human male, with the exception of his large spherical white head, blue dot eyes, nose, and curvy smile,” While FTX US’s mascot depicts a man with a spherical moon head and an open smile.

Related: FTX announced as naming rights sponsor of Australian Blockchain Week 2022

FTX’s Moon Man has been featured on TV commercials and at live Major League Baseball games — which the FTX US has a branding partnership with, among others — but depending on the terms of the settlement, his days could be over, or he may look different in future.

Tags
Business
Cryptocurrency Exchange
Food
Law
Sport
Related Posts
Binance denies allegations of market manipulation
Major cryptocurrency exchange Binance is pushing back against allegations of market manipulation and working against the interest of its users. In a Monday Twitter thread, Binance seemingly laid the blame for any claims of manipulating the crypto market on publications spreading fear, uncertainty and doubt, as well as certain individuals impersonating employees at the exchange. The firm said it “reserves the right to take legal action to protect its interests,” but was not opposed to “responsible whistle-blowing that protects the trust of our community.” “Binance has never traded against our users nor manipulated the market, and we never will,” said …
Business / Aug. 23, 2021
$2.5T crypto market will not wait for nations to onboard: WazirX CEO
Indian entrepreneur and the CEO of crypto exchange WazirX Nischal Shetty envisions a race between countries to launch their local versions of central bank digital currencies (CBDC) in the coming year. Speaking to Cointelegraph, Shetty said that the year 2022 would be an extension of the ongoing discussions around crypto regulations, exchange-traded funds (ETFs) and the emergence of the metaverse: “We’re optimistic that we’ll get regulatory clarity, see institutional participation fuel retail adoption. We also expect to see more metaverse projects making an entrance.” Shetty pointed out that the crypto industry today — directly or indirectly — employs about 50,000 …
Adoption / Dec. 29, 2021
Swyftx signs major sponsorship deal with Aussie National Rugby League
Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL). Swyftx is registered in Australia and New Zealand and offers trading services for around 300 digital assets. The firm was founded in 2018 and the NRL deal marks another major milestone for promoting the local crypto and blockchain sector to sports fans, with the Australian Football League women’s competition already signing with Crypto.Com for $25 million over five years. The latest deal will cover NRL, Women’s NRL (NRLW), State of Origin and All-Star games. There is also an option for a fourth-year …
Business / Feb. 17, 2022
Crypto and NFTs at F1: What are firms bringing to the races beyond sponsorships?
The cryptocurrency community has always put an emphasis on decentralization and globalization. Therefore, it shouldn’t come as a surprise that a number of crypto companies are sponsoring Formula 1 (F1) racing teams in an attempt to further connect with audiences across the world. Research by global analytics company Nielsen Sports found that Formula 1 has the potential to reach about one billion fans globally this year, with the 16–35 age group accounting for the biggest share. The appeal of F1 is clearly on the rise, and cryptocurrency companies are jumping on board to demonstrate their presence. To put this in …
Blockchain / March 23, 2022
Coinbase CEO responds to insider trading allegations with changes for token listings
After some crypto sleuths made allegations of insider trading by individuals potentially connected to Coinbase, CEO Brian Armstrong said the crypto exchange would change some of its token listing practices. In a Thursday blog post, Armstrong did not confirm whether any Coinbase employees had received disciplinary action or been referred for criminal charges in response to allegedly receiving insider information used to profit off certain token listings. According to the CEO, Coinbase planned to change its listing process over the next few quarters “to try and prevent on-chain data giving signal to watchful traders,” to allow users to rate and …
Trading / April 29, 2022