Jay Z, the NBA, and developer Bruce Ratner are being sued for $600M over the Brooklyn Nets logo. It took close a decade to move the Nets franchise from New Jersey to Brooklyn, and according to Radar Online, a clever doctor filed an application for the Brooklyn Nets trademark during the waiting period, knowing he would be able to cash in down the line. These types of “investments” often occur in the financial world, and most of the time the scheme’s mastermind is rewarded with a lump settlement from the bigger company. With that said, $600M may be a little bit too optimistic for plaintiff Dr. Francois de Cassagno to ask from the NBA, Bruce Ratner, and Jay Z.
[via Radar Online]