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Crypto Goldcoin Misuse of Trademarks Raised In SDNY Lawsuit Domain Transfers Enjoined

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Feb 19 – World Gold Trust Services, LLC has sued crypto-currency focused Goldcoin Developers Group for misusing its trademarks and confusing the public.   

  On February 8, U.S. District Court for the Southern District of New York Judge John G. Koeltl held a proceeding. Inner City Press covered it.  

 The complaint says that "Defendants have consistently lauded the GoldCoin cryptocurrency as a leading cryptocurrency... Reality presents a stark contrast to these self-promoting statements designed to enrich Mr. Matthews at the expense of the community and the public at large."  

 Judge Koeltl order the defendants to show cause as a February 19 hearing why a default judgment should not be entered against them.

  When he held the February 19 hearing, Inner City Press again covered it. Jude Koeltl entered an order enjoining defendants from selling or otherwise transferring the domain names, and until a final judgment is ordered - for which the case has been referred to a Magistrate Judge. GoDaddy is off the hook, at least as to discovery.

The case is World Gold Trust Services, LLC v. Goldcoin Developers Group LP et al., 20-cv-4667 (Koeltl)


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