Sunday, March 26, 2023

Telegram to pay $625K in fees after dropping ‘GRAM’ ticker lawsuit By Cointelegraph


Telegram to pay $625K in fees after dropping ‘GRAM’ ticker lawsuit

Telegram Messenger Inc. has been ordered to pay nearly $625,000 worth of legal fees to a small cryptocurrency firm that it sued over using the ‘GRAM’ crypto-ticker and trademark.

In a Nov. 2 ruling, U.S District Judge Charles Breyer granted $618,240 in attorney’s fees for 1,030.4 hours work billed at $600 per hour. Lantah had requested compensation at a rate of $900 per hour, but the judge reduced the fees to meet the market rate for the services.

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