Zip to Appeal Federal Court Trademark Ruling; Shares Fall 5%

MT Newswires Live

Apr 02, 2025

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.

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