Litigation Funder Wins $3 Million in Fees in Trademark Spat

Litigation funding company Oasis Legal Finance Operating Co. won roughly $2.99 million in attorneys’ fees plus about $107,500 in costs, having prevailed in a trademark dispute against its former CEO and his business partner, a federal judge in Illinois ruled.

Oasis demonstrated that “this is an exceptional case” that justifies awarding attorneys’ fees under the Lanham Act because not only did the company prove nearly all of its claims, but the defendants “litigated this case in an unreasonable manner,” Judge Robert W. Gettleman said.

While Oasis made “strong arguments” in its favor, the defendants offered “a slew of meritless defenses,” ...