The U.S. District Court for the Central District ofCalifornia entered a judgment and permanent injunction against relatingto a trademark infringement lawsuit filed against the company by CachetFinancial Services, formerly known as Cachet Banq Inc.
Effective from Dec. 31, the injunction prohibits thecompany, its officers, directors, agents, servants, employees and attorneysfrom using any mark, name, symbol or logo that incorporates or is confusinglysimilar to the term "CACHET" in any way that relates to financialservices.
It also bars Cachet Financial Solutions from offering forsale, soliciting sales, promoting, distributing, importing, advertising orselling any products or services under the term "CACHET" that in anyway relates to financial services.
Cachet Financial Solutions was also ordered to destroy, byno later than Dec. 31, all signs, products, advertisements, packaging,literature, business cards and any other promotional materials that feature theterm "CACHET," both physical and electronic, and relate to financialservices.
The company is allowed to use the term "CACHET"where its design logo and the term "business-to-business electronic remotecheck deposit services" are used in at least an equal-sized font and astatement that the company's services "are not provided to payrollprocessing companies or payroll service bureaus" is used in a font at leasthalf the size of the font used for the term "CACHET."
Cachet Financial Solutions must comply with the injunctionby no later than Dec. 31 and must file a declaration, under penalty of perjury,detailing ways in which it has complied with the injunction by no later thanJan. 12, 2017.
The company intends to appeal the judgment and theinjunction to the U.S. Court of Appeals for the 9th Circuit.
The company said it intends to comply with the injunction,if and to the extent required.