Item 1. Legal Proceedings
Item 1. Legal Proceedings.
From time to time, we may become involved in various
lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties,
and an adverse result in these or other matters may arise from time to time that may harm our business.
On or about August 30, 2021,
Robert W. Monster and Anonymize, Inc. (“Monster”) filed a lawsuit in the United States District Court for the Western District
of Washington at Seattle, Robert W. Monster, et al. v. Creatd, Inc., et al. (Western District of Washington at Seattle 2:21-CV-1177).
The Complaint alleges, among other things, that action for Declaratory Judgment under 28 U.S.C. § 2201 that Monster’s registration
and use of the internet domain name VOCL.COM (the “Domain Name”) does not violate Creatd’s rights under the
Anticybersquatting Consumer Protection Act (“ACPA”), 15 U.S.C. § 1125(d), or otherwise under the Lanham Act, 15 U.S.C.
§ 1051 et seq. Creatd claims trademark rights and certain other rights with respect to the term and the domain name VOCL.COM.
Monster seeks a determination by the Court that Monster’s registration and/or use of VOCL.COM is not, and has not been
in violation of the ACPA, and that Plaintiffs’ use of VOCL.COM constitutes neither a violation of the ACPA nor trademark
infringement or dilution under the Lanham Act. Creatd believes the lawsuit lacks merit and will vigorously challenge the action. At this
time, we are unable to estimate potential damage exposure, if any, related to the litigation.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.