Block Inc, previously called Square Inc, was sued by tax preparation company H&R Block Inc for trademark infringement.
H&R Block said in a press release that the fintech company “would improperly capitalize on the goodwill and consumer trust cultivated by Block since 1955”.
H&R Block is seeking a court order barring Block from using the name or green square logo.
According to H&R Block, the similarity in names would be overly confusing for consumers, especially given the two companies’ overlapping offerings.
H&R Block also stated that the company formerly known as …