Zoom Gets Sued by Japanese Company That Stakes Claim on Name
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Zoom Corp., a Japanese recording equipment maker with a 9.6 billion yen ($85 million) market capitalization, is suing the U.S. video conferencing giant of the same name because it wants to protect its trademark, but won’t be seeking damages.
In a statement disclosed to the Tokyo Stock Exchange on Tuesday, Zoom Corp. said it filed the suit against Zoom Video Communications Inc. in the Tokyo District Court. The company, which has 95 employees, said it’s not interested in settling because it wants its registered trademark legally protected.