Supreme Court hears oral arguments on trademarks licensed from bankrupt entities

February 21, 2019

Via: Jurist

The US Supreme Court heard oral argument Wednesday in Mission Product Holdings, Inc. v. Tempnology, LLC, a case questioning what happens to a licensee’s trademark rights when a licensor goes bankrupt.

Tempnology, LLC, a company specializing in cooling technology for towels and headbands among other things, had licensed a series of patents and trademarks to Mission Products Holdings in 2012. In 2015 Tempnology voluntarily filed for bankruptcy. Mission Products filed suit in bankruptcy court the next day seeking to maintain its licenses from Tempnology.

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