Corporate Law News

Aviation Software CEO Drops Suit Claiming Exec Looted Trademarks

Dec. 13, 2019, 9:52 PM

The president and CEO of JFLY LLC, which makes digital logbooks for pilots, dropped his Delaware lawsuit claiming another board member registered the company’s trademarks and copyrights in his own name and profited off them.

The suit by JFLY founder Maximilian Fox claimed Michael Julius II, another member of the limited liability company, violated a section of its operating agreement that explicitly requires intellectual property to be registered in the company’s name. It was filed the Chancery Court in September.

After registering the copyrights and marks, Julius allegedly began selling merchandise featuring JFLY’s logo and brand, taking payment through PayPal,...

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