Stock Track | Zip Co Ltd Plummets 5.69% Intraday After High Court Rules It Must Cease Using "Zip" Trademark in Australia

Stock Track

May 13

Zip Co Ltd's stock plunged 5.69% during intraday trading on Wednesday after the High Court of Australia delivered a judgment requiring the company to cease using its "Zip" trade mark in Australia.

The court ruled in favor of Firstmac in a trade mark infringement claim against Zip Co Ltd. The judgment forces Zip to rebrand its Australian products and services, a significant development for the company in its home market.

The company clarified that the court decision does not impact its New Zealand or United States business operations. However, the loss of trademark rights in Australia represents a substantial setback that has negatively impacted investor sentiment.

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The judgment forces Zip to rebrand its Australian products and services, a significant development for the company in its home market.</p><p>The company clarified that the court decision does not impact its New Zealand or United States business operations. However, the loss of trademark rights in Australia represents a substantial setback that has negatively impacted investor sentiment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZIP.AU","symbol_name":"Zip Co Ltd","start_time":0,"source_url":"","article_id":"1146778824","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146778824","pubTimestamp":1778632360,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Zip Co Ltd's stock plunged 5.69% during intraday trading on Wednesday after the High Court of Australia delivered a judgment requiring the company to cease using its \"Zip\" trade mark in Australia.The...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZIP.AU":"Zip Co Ltd"},"translate_title":"个股追踪|高等法院裁定其必须停止在澳大利亚使用“Zip”商标后Zip Co Ltd盘中暴跌5.69%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZIP.AU":1},"content_text":"Zip Co Ltd's stock plunged 5.69% during intraday trading on Wednesday after the High Court of Australia delivered a judgment requiring the company to cease using its \"Zip\" trade mark in Australia.The court ruled in favor of Firstmac in a trade mark infringement claim against Zip Co Ltd. 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