Texas, Toronto Stock Exchanges Spar in Trademark Dispute (1)

The Texas Stock Exchange’s trademark dispute with the Toronto Stock Exchange may soon be headed to mediation, a federal judge said.

Judge Karen Gren Scholer questioned the need to prolong the case that began after the Toronto Stock Exchange, also known as TSX Inc., sent its Texas counterpart a cease-and-desist letter over the use of “TXSE.” The Texas Stock Exchange filed a lawsuit in response seeking a declaration its marks don’t create confusion.

Toronto’s attorney Sheryl Koval Garko of Orrick, Herrington & Sutcliffe LLP told the judge the Texas entity, also known as TXSE Group Inc., could change its name ...