OneMain Sues Rival Lender Springlight on ‘Springleaf’ Trademarks

OneMain Holdings, which provides direct-to-consumer loans under the Springleaf brand, filed a lawsuit accusing Skopos Financialof trademark infringement and unfair competition over its plans to launch a competing lending business called Springlight Financial.

• OneMain’s former head of strategy joined Skopos, an indirect provider of vehicle financing to shoppers with sub-prime credit, in February 2020 to expand its competing personal-loan business, according to complaint filed Tuesday in federal court in Wilmington, Delaware
• Springleaf acquired OneMain from Citigroup Inc. in 2015 and subsequently adopted that name. It now mainly operates under the OneMain brand but continues to use Springleaf marks ...