Intesa trademark claim withdrawn
MOSCOW, January 14 - RAPSI. The Jet Money microfinance organization has filed an application to withdraw its lawsuit to prematurely terminate the legal protection of the "GET MONEY TO FAMILY" trademark with the Moscow Commercial Court, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Monday.
The trademark belongs to Intesa Sanpaolo S.p.A, one of the largest banking groups in Europe.
The court has not yet officially accepted Jet Money's application to withdraw the lawsuit, as the judge in the case is currently suffering from health issues.
The hearing has been postponed until January 25. An employee at the court said Jet Money may transfer the application to the court's secretarial office.
Jet Money filed the application because it believed Intesa Sanpaolo S.p.A had not used the brand in dispute for a lengthy period of time.
Intesa Sanpaolo S.p.A, which was established through a merger of Banca Intesa and Sanpaolo IMI, is Italy's leading credit institution and one of the largest banking groups in Europe. The group serves over 19 million clients in 31 countries. Intesa Sanpaolo's net profits in Q1 2012 grew 21.6 percent to 804 million euros.
Jet Money is a Russian financial organization granting small loans.