US federal court – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Wed, 18 Feb 2026 09:04:12 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png US federal court – Tech | Business | Economy https://techeconomy.ng 32 32 US Court Orders OpenAI to Stop Using ‘Cameo’ Name After Trademark Decision https://techeconomy.ng/openai-cameo-name-trademark-decision/ https://techeconomy.ng/openai-cameo-name-trademark-decision/#respond Wed, 18 Feb 2026 09:04:12 +0000 https://techeconomy.ng/?p=176372 A federal court in Northern California has ordered OpenAI to stop using the name “Cameo” for a feature in its video tool, siding with the celebrity video platform Cameo in a trademark issue.

The decision found that OpenAI’s use of the word was close enough to cause confusion among users.

Judges rejected the argument that “Cameo” simply described the feature. Instead, the court said the term suggests a service rather than directly describing it, which gives it stronger protection under US trademark law.

OpenAI had used the Cameo name for a feature in its video generation app, Sora. The feature allowed users to place digital versions of themselves into AI-generated videos.

After a temporary restraining order in November, the company changed the feature’s name to “Characters”.

In a statement, Cameo’s chief executive, Steven Galanis, welcomed the decision.

We have spent nearly a decade building a brand that stands for talent-friendly interactions and genuine connection, and we like to say that ‘every Cameo is a commercial for the next one.”

He added: “This ruling is a critical victory not just for our company, but for the integrity of our marketplace and the thousands of creators who trust the Cameo name. 

We will continue to vigorously defend our intellectual property against any platform that attempts to trade on the goodwill and recognition we have worked so hard to establish,” he noted.

OpenAI disagreed with the court’s position. A spokesperson told Reuters: “We disagree with the complaint’s assertion that anyone can claim exclusive ownership over the word ‘cameo,’ and we look forward to continuing to make our case.”

Cameo, which connects fans with celebrities who record personalised video messages, says it has more than 40,000 creators on its platform.

The company argued that OpenAI’s use of the name risked confusing customers and weakening its brand.

This is not the first naming issue involving OpenAI. In November, digital library app OverDrive sued the company over its use of the name “Sora” for its video tool.

Earlier this year, OpenAI also dropped “IO” branding linked to planned hardware products after legal challenges.

Beyond branding rows, OpenAI faces several lawsuits from artists, writers and media groups in different countries.

They allege copyright violations tied to AI-generated content. Those cases are still ongoing.

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Dozy Mmobuosi, Tingo CEO Ordered to Pay $250 Million in US Fraud Case https://techeconomy.ng/dozy-mmobuosi-tingo-ceo-ordered-to-pay-250-million-in-us-fraud-case/ https://techeconomy.ng/dozy-mmobuosi-tingo-ceo-ordered-to-pay-250-million-in-us-fraud-case/#respond Mon, 02 Sep 2024 09:00:37 +0000 https://techeconomy.ng/?p=141876 Nigerian businessman Dozy Mmobuosi and three of his companies have been ordered by a US federal court to pay over $250 million fine in a fraud case. 

The judgement follows an investigation by the US Securities and Exchange Commission (SEC), which uncovered a wide range of financial irregularities within Mmobuosi’s business empire, including the fintech company Tingo Group

The court’s ruling marks the end of Mmobuosi’s high-profile career in the corporate world.

Dozy Mmobuosi, who once attracted international attention with his attempt to acquire Sheffield United Football Club, was found guilty of inflating the financial performance of his companies to mislead investors. 

According to the SEC, his firms, including Tingo Group, Agri-Fintech Holdings, and Tingo International Holdings, fabricated nearly all their reported financial metrics, including assets, revenues, and customer numbers. 

One of the most disturbing findings was the revelation that Tingo Mobile, a subsidiary of Tingo Group, claimed to have cash reserves of $461.7 million in Nigerian bank accounts, when in fact, the actual balance was less than $50. 

This gross misrepresentation was a key factor in the SEC’s decision to file charges against Mmobuosi and his companies in December 2023.

The court, presided over by Judge Jesse M. Furman of the Southern District of New York, ruled that Mmobuosi and his entities had failed to respond adequately to the charges, leading to a default judgment. 

The ruling goes beyond imposing financial penalties and bars Dozy Mmobuosi from holding any directorial position in a public company, effectively ending his involvement in the corporate sector.

The SEC’s investigation was initially prompted by a report from Hindenburg Research, which labelled Tingo Group as a “blatant scam.” 

The report, which caused Tingo’s stock to plummet, raised serious problems about the legitimacy of Mmobuosi’s business operations and attracted the attention of US regulators. 

Shortly after the report’s publication, the SEC suspended trading in the shares of Tingo Group and Agri-Fintech Holdings, citing doubts about the accuracy of publicly available information.

Despite Mmobuosi’s denials of wrongdoing and claims that the allegations were baseless, the SEC’s findings reveal something different. 

The court’s final judgment includes orders for the cancellation of shares held by Mmobuosi and his companies and the disgorgement of ill-gotten gains. The penalties also include a ban on Mmobuosi’s participation in the trading of any securities, further isolating him from the financial markets.

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