Tax preparation company H&R Block Inc(HRB.N) on Thursday sued payment company Block Inc(SQ.N), previously called Square Inc, saying the new name infringed its trademarks.
Block's chief executive, Twitter Inc(TWTR.N) co-founder Jack Dorsey, announced the name change earlier this month as the company looked to expand beyond its payment service into new areas, including blockchain.
In a complaint filed in Kansas City, Missouri, federal court, however, H&R Block accused the company of "stealing Block's name in order to co-opt the reputation and goodwill that Block has earned through decades of hard work."
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Block's chief executive, Twitter Inc(TWTR.N) co-founder Jack Dorsey, announced the name change earlier this month as the company looked to expand beyond its payment service into new areas, including blockchain.
In a complaint filed in Kansas City, Missouri, federal court, however, H&R Block accused the company of "stealing Block's name in order to co-opt the reputation and goodwill that Block has earned through decades of hard work."
read more