Saturday, 22 October 2016
Last updated 16 hours ago
Nov 4 2010 | 7:49am ET
Another major hedge fund is battling a foreign firm over the rights to its name.
Citadel Investment Group has sued Egypt’s Citadel Capital Corp., a US$8.3 billion private equity firm. Chicago-based Citadel filed the suit in May in Washington, D.C., disputing the Egyptian firm’s use both of the name “Citadel” and of a castle as its logo.
Citadel Investment Group also uses a castle as its logo.
Last month, Och-Ziff Capital Management prevailed in a court battle with London-based OCH Capital. A British court ruled that “there is a manifest likelihood of confusion” between the two firms.