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