Abacus Settlements, LLC Favorably Resolves Name Dispute with European Life Settlement Management Company Using the Same Name

18/01/2008 21:29



PR Newswire


NEW YORK, January 18 /PRNewswire/ --
Abacus Settlements, LLC, a leader in the life settlement industry (www.abacussettlements.com) announced today that a European life settlement company utilizing the name Abacus has agreed to cease using the name, which is a trademark of Abacus Settlements, LLC. The company agreed immediately to change its name to "European Life Settlements Management".

Abacus Settlements, LLC has used its trademark in the US and Europe since 2004 and has acquired an international reputation for superior life settlement services and other goodwill. On January 3, 2008, a press release was issued regarding a new European life settlement management company called "Abacus Life Settlements Management". The press release caused immediate confusion among Abacus Settlements, LLC's customers and business partners. Abacus Settlements, LLC received numerous emails regarding whether it had any relationship or association with this new company. On January 14, 2008, Abacus Settlements, LLC issued a demand for the European company to cease and desist utilizing the name Abacus. The European company contacted Abacus' counsel on January 17, 2008, admitting that the name caused some confusion in the marketplace and advised it of the name change.

"This was an unfortunate incident that has been rectified and we are obviously satisfied with the outcome of this matter." says Craig Seitel, CEO and founding member of Abacus Settlements, LLC.

If you would like more information on this topic, call Edgardo Gonzalez, General Counsel at +1-212-584-5700.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Craig Seitel
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=10336 Craig Seitel
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=38679

Web site: http://www.abacussettlements.com

Edgardo Gonzalez of Abacus Settlements, LLC, +1-212-584-5700, egonzalez@abacussettlements.com