October 5, 2022

Metacaptial Administration L.P. filed a grievance towards Meta Platforms Inc., alleging the newly renamed Fb guardian firm of trademark infringement, unfair competitors, and false promoting.

In response to the grievance, Metacapital’s motion is a response to Meta’s disregard of Metacapital’s trademark rights; the plaintiff has held the Metacapital trademark in addition to used the Meta nickname since 2001. Fb introduced their identify change to “Meta” on October 28, 2021, 20 years after Metacapital’s trademark registration, the grievance recounts.

The grievance claims that in 2019 and 2020, Fb started to create and function a monetary companies middle, “Meta Monetary Applied sciences.”

The grievance states, “Fb’s use of the ‘Meta’ mark in reference to monetary companies — and clear plans to proceed and increase such  use in reference to these and comparable  companies — is prone to trigger vital hurt to Metacapital’s enterprise.”

The grievance asserts that Fb’s trademark infringement on Metacapital induced and continues to trigger substantial respected and monetary hurt to the plaintiff.

The plaintiff seeks the next for aid: a declaration Meta has dedicated trademark infringement, a preliminary and everlasting injunction towards the defendant barring them from utilizing the “Meta” identify related to the plaintiff, and awards of all pertinent damages.

The plaintiff is represented by Skadden, Arps, Slate, Meagher, and Flom LLP.

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