PayCargo Awarded Over $11 Million In Case Against CargoSprint
Federal court rules PayCargo competitor conducted “willful, pervasive and relentless” infringement and awards PayCargo more than $11 million
Coral Gables, Florida, US, October 11, 2022
Logistics payments and data infrastructure platform PayCargo announced today it has been awarded $11.5 million plus prejudgment interest and attorneys’ fees in a trademark infringement and breach of contract lawsuit the company brought against CargoSprint and its founder/CEO Joshua Wolf.
The judge in the United States District of Florida issued her findings of facts and conclusions of law on September 30, 2022, finding CargoSprint liable for “willful, pervasive and relentless” infringement of PayCargo’s federal trademarks and breach of contract.
In 2016, PayCargo reached a settlement agreement with Wolf and his company, PayAirCargo, to cease commercial use of the name and change it to CargoSprint. In 2019, PayCargo filed its federal civil suit because defendants continued to use the confusingly similar PayAirCargo name. In finding that Wolf and CargoSprint infringed on PayCargo’s trademarks and breached the agreement, the court explained: “Customers and vendors alike expressed confusion over whether the two competitors were a single entity.”
“We’re extremely gratified with the court’s decision,” said Eduardo Del Riego, PayCargo CEO. “As a company founded on the highest principles of honesty and transparency, we have taken this case of another business infringing on our trademarks and breaching our agreement very seriously. We’ve worked hard to build PayCargo’s reputation as the leader in the industry, so we owed it to our customers, employees, and business partners to defend it vigorously. Furthermore, the integrity of the industry needs to be protected to continuously advance and innovate.”
PayCargo was represented by Peter Prieto, Matthew Weinshall, and Alissa Del Riego of Miami-based Podhurst Orseck, Wayne Atkins of Miami-based Xander Law Group, and Ann Fort of Atlanta-based Eversheds Sutherland.
PayCargo is the most trusted logistics payment platform for faster release of cargo. With over 75,000 businesses in the PayCargo Network, you can instantly make payments for same-day or overnight release of cargo to major Air, Land, and Ocean carriers such as MSC, Hapag Lloyd, Alliance Ground, Delta Cargo, Ocean Network Express, Lufthansa and Swissport.
For a more secure, efficient way to reduce costs associated with payment processing and to eliminate the traditional resource-intensive system of requesting, printing, mailing, and delivering checks, wire transfers or cash, join other leading freight shipping companies and sign up with PayCargo today.
For more information about PayCargo, visit paycargo.com
Rob Duda – [email protected]