Jay Z just got slapped with a $600 million lawsuit and it's all because of an angry entrepreneur who claims he trademarked the name “Brooklyn Nets” way before the team moved out of New Jersey.
According to RadarOnline:
“Dr. Francois de Cassagnol, filed a pro se complaint with the Eastern District of the State of New York on December 9, 2013, asking for a juried trial over the matter — and $600 million in damages, at least… de Cassagnol claims that the NBA, Jay Z, and developer Bruce Ratner ”fraudulently conspired” to use “loopholes” in the U.S. Patent Office so that they could use a term he says he registered more than ten years ago. Indeed, documents submitted as evidence show that de Cassagnol filed applications in 2012 for “The Brooklyn Nets Entertainment Logo,” which was first used in the State of Louisiana back in 2003.”
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