A GRAM Ticker lawsuit in which Telegram sued the small crypto firm Lantah LLC back in 2018 has now finally come to an end. The messaging giant has now received orders to pay the legal fees of around $625,000 to Lantah. This has been revealed through the ruling by Charles Breyer, a U.S. District Judge, on November 02, 2020. Lantah has requested compensation from Telegram at the rate of $900 per hour. However, the U.S. District Judge has somehow managed to reduce the fees and both the firms have agreed to a fee of $600 per hour. Telegram Voluntarily Dropped the Lawsuit Against Lantah Lantah has been facing the lawsuit since May 2018 and it was the time when Telegram has raised $1.7 billion through an ICO for GRAM. However, Lantah had counter-suit in June 2018 by claiming that it has already filed for an application with the U.S. Patent and Trademark Office in 2017. Now the lawsuit has come to an end as Telegram has voluntarily dropped it in August 2020. The reason is that the firm has already abandoned its TON project in May due to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC). Future Claims Might be Filed Against Lantah For the present time, this could be seen as the final step of this lawsuit. Telegram has voluntarily dropped the lawsuit after the court has given the right to file another lawsuit in the future. Along with this, the firm has agreed to compensate for legal fees signed under the District Court Judge. However, this doesn’t mean that Lantah is having a clean slate now. The messaging giant can anytime file a lawsuit against the firm in the future over the GRAM trademark.
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