General World News

Insurer Nationwide Mutual claims consumer confusion in trademark suit against lender

Nationwide Mutual Insurance Co. is suing mortgage lender Nationwide Mortgage Bankers (NMB) for allegedly profiting on the “goodwill and sterling reputation” associated with its name and trademarks.

The lawsuit, filed May 20 in an Ohio federal court, brings accusations of federal trademark infringement, unfair competition, dilution, cybersquatting and violations of Ohio state law. Nationwide Insurance claims the actions have caused “unquantifiable damage and irreparable harm.” National Mortgage News first reported on the topic.

Nationwide said it began providing insurance products and services, as well as other financial services, under the NATIONWIDE mark in 1955. It has offered residential mortgage services under details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com

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