Safex Foundation, Inc. v. Safelaunch Ventures Limited

Summary

The United States District Court for the District of Columbia addresses supplemental relief following a partial default judgment in a trademark infringement and unfair competition action involving competing cryptocurrency tokens. The court awards Safex Foundation $845,269.40 in defendant profits and $130,149.00 in attorney fees, while explaining its calculation of recoverable profits and the reasonableness of the requested fees.

Holdings

1. Safex was entitled to recover SafeLaunch's profits attributable to the willful infringement, but the requested amount had to be adjusted to exclude double-counted transactions and profits not sufficiently tied to SafeLaunch's distributions. The Court awarded $845,269.40.
2. Safex was entitled to attorney fees because it was the prevailing party in an exceptional Lanham Act case involving admitted willful infringement.
3. Safex established that its requested $130,149.00 fee award, based on 112.7 hours of work, was reasonable, and the Court awarded the full amount.

Questions Presented

1. What amount of SafeLaunch's profits was attributable to its unlawful use of the Safex mark and properly recoverable under the Lanham Act?
2. Whether Safex established entitlement to the requested attorney fees and whether the requested hours and hourly rates were reasonable.

Disposition

other