Bullying at its best!
Credit Suisse hit the road, Jack!
Brendan Holt Dunn said he wanted to invoke the legacy of his great-great-grandfather, pioneering Quebec industrialist Sir Herbert Holt, in the name of his Montreal-based venture capital fund.Now, he may have to go to court to keep the name. His fund, The Holt Xchange, which invests in early stage financial technology startups, is being sued by international bank Credit Suisse for trademark violation.In a statement of claim filed last year with Federal Court in Edmonton, Credit Suisse subsidiary CSFB HOLT said it owns the right to use the brand “HOLT” when offering financial goods and services in Canada and that the branding and offerings of the Montreal venture capital fund — known as the Holt Accelerator when the lawsuit was filed — is too similar.The bank, which is seeking at least $100,000 in damages, argues that similarity “will cause confusion amongst Canadian consumers” and reduce the value and reputation of its trademark.
Source: Montreal investment fund sued over use of founder’s great-great-grandfather’s name | Times Colonist
