Developer shall have executed a First Source Agreement and a CBE Agreement.
A well-known example of a reverse takeover in the United Kingdom was Darwen Group’s 2008 takeover of Optare plc. This was also an example of a back-flip takeover (see below) as Darwen was rebranded to the more well-known Optare name. A proxy vote is the act of the acquirer company persuading existing shareholders to vote out the management of the target company so it will be easier to take over. For example, Company A could persuade shareholders of Company B to use their proxy votes to make changes to the companys board of directors. The goal of such a proxy vote is to remove the board members opposing the takeover and to install new board members who are more receptive to a change in ownership and who, therefore, will vote to approve the takeover (hostile takeover agreement). However, a silver lining for creditors is that such an action does come with consequences to the borrower. If a subsidiary becomes
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March 10, 2021
On Tuesday, plaintiffs Cisco Systems Inc. and Cisco Technology Inc. (both referred to as Cisco) filed a complaint in the Western District of Tennessee against defendants Lamination Service Inc., LSI Graphics LLC, Ezzell Enterprise Inc., HES Limited (doing business as a variety of entities) and unknown individuals for their infringement of Cisco’s trademarks via counterfeit goods.
The complaint stated that Cisco, “the worldwide leader in developing, implementing, and providing the technologies behind networking communications, and information technology products and services,” has a large range of products, such as “networking and communications hardware, software, and services,” for which it has invested billions of dollars and other resources for the development and promotion of said products. Cisco claimed that it has developed goodwill and brand reputation among consumers. Cisco said it uses its trademarks “to identify goods and se
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December 17, 2020
On Wednesday, opposer Cisco Technology, Inc. filed a notice of opposition before the Trademark Trial and Appeal Board against applicant Omcisco Technology INC.’s application for the OMCISCO mark, citing likelihood of consumer confusion and dilution of its famous mark.
According to the opposition, the OMCISCO mark is filed in International Class 9, covering “Control valves regulating the flow of gases and liquids…Electrical transducers; Pressure indicators…Semi-conductors…” Cisco noted that it is in the business of “computer networking, telecommunications, hardware and software (as well as) related goods and services.” The opposer proffered that its marks are used in connection with “semiconductors, chips and chipsets for use in wireless communication applications and computer hardware” and “collecting and analyzing energy supply and data demand,” in addition to other goods and services.