MOCO NEWS NET -- June 30 -- Loopt, the mobile social network which is backed by Sequoia and
NEA, has filed a lawsuit against Loop'd Network, a social network for
action sports athletes and enthusiasts, over alleged trademark
infringement, alleging that the two names are too similar and cause
confusion. Loopt is asking the court to enjoin Loop'd Network from
continuing to use the name, and is also seeking damages and three times
the profit that Loop'd Network has earned, PEHub reports. FULL ARTICLE @ WASHINGTON POST
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