H&R Block Sues Over Square’s New Name “Block”

CNBC reports:

H&R Block filed a trademark infringement lawsuit over Square’s new name, “Block” on Thursday.

The tax preparation service seeks to keep Block from using the new name, saying in a press release that the fintech company “would improperly capitalize on the goodwill and consumer trust cultivated by Block since 1955.”

Block CEO Jack Dorsey [photo] said earlier this month the rename was meant to reflect the company’s ambitions, like the blockchain, outside of its original card-reader product called Square.

Read the full article. Dorsey resigned as Twitter’s CEO earlier this month.