By Craig Clough (November 23, 2021, 7:20 PM EST) — Banking giant Barclays PLC has sued Plaid Inc. in New York federal court alleging the financial services company infringed its trademarks by launching a financial technology incubator program called FinRise that uses a name “nearly identical” to Barclays’ Rise trademarks, which Barclays employs for its own fintech incubator and other services.
Barclays says its Rises and Rise marks have a wide meaning for the company after being implemented over 10 years ago, referring to its core values of respect, integrity, service, excellence and stewardship. Barclays later expanded use of the mark in its “Creating opportunities to rise” marketing materials and its Rise…
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