Zip (ASX:ZIP) plans to seek special leave to appeal a Federal Court ruling in favor of mortgage lender Firstmac, regarding a trademark infringement claim, according to a Wednesday filing with the Australian bourse.
Firstmac claimed that Zip and its unit, Zipmoney Payments, infringed on Firstmac's 'ZIP' trademark, which is registered for financial services related to loans.
The case, ongoing since 2019, saw Zip initially defend the claim, but the court's recent decision reversed that outcome, the filing said.
Zip confirmed that the ruling does not affect its Australian, US, or New Zealand operations.
The company will pursue the appeal once final orders are issued, the filing added.
Shares of the company fell 5% in recent Wednesday trade.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。