Globe Online reports that Livermore Investments Group Ltd., controlled by Noam Lanir, is suing Crown Solutions Gaming Ltd. and Uniplay International Ltd., both private companies controlled by Israeli tycoon and Playtech founder Teddy Sagi.
Livermore claims that Sagi's companies sold it a domain for operating Internet casinos that could not be used as it infringed the brand-name rights of Monaco based hotels and casinos SBM. As a result Livermore was forced to abandon operations on the site and pay $3.4 million incompensation to SBM.
In their comeback, the defense claims that Livermore could have fought in the courts to carry on using the domain and did not consult them over the compromise they agreed to with SBM.
Source: InfoPowa News