Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Citigroup sues pawnshop over logo

A Brooklyn, N.Y. pawnbroker is accused of violating Citibank's trademark. Citigroup is seeking all the profits from All Citi Pawn.

EMAIL  |   PRINT  |   SHARE  |   RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Aurore Ankarcrona, CNN

Citigroup claims the logo of a Brooklyn, N.Y., pawn shop too closely resembles its own logo (shown).

NEW YORK (CNN) -- You would think that Citigroup had enough on its plate these days, but that hasn't stopped the financial behemoth from filing a copyright infringement suit against a Brooklyn, New York, pawnshop over a similar logo.

In the suit filed last week in Brooklyn federal court, Citigroup alleges that in using the same Citi abbreviation and red arc as its banking subsidiary, Citibank, All Citi Pawn has infringed on their trademark. Citigroup is seeking all of the business' profits since it adopted the All Citi name.

"What can I tell you? Its crazy. They're going wild for a little art that I put up. Theirs is a moon shape, mine is a V-shape, but I've already taken it down," pawn shop manager Bob Kay told CNN.

When contacted, Citgroup (C, Fortune 500) would say only that "as a matter of course, we work to protect the value of our trademarks."

According to trademark attorney Michael Feigin, no matter how small an infraction this may seem, in order to keep a trademark, it has to be protected.

"It is important for Citigroup to know that no one is trading off their name - they need to protect their intellectual property." Feigin went on to say, however, that removing the offending logo should resolve the case. According to Kay, it has not. To top of page

They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
Playboy & Hugh Hefner in pictures Playboy and its founder Hugh Hefner have had a vibrant history, which we've captured in several iconic images. More
U.S. stocks: The punches keep coming On the eve of a slew of earnings this week, U.S. stocks and the economy can't seem to catch a break. More
Where Millennials are buying homes Here are the top 10 markets where Millennials represented large shares of mortgages, according to Realtor.com More