‘T-minus’ Buffet enters the private placement biz
Firm that bears no relationship to the Oracle of Omaha or Berkshire Hathaway filed offering with the SEC last month
Such outlandish confusion with a famous name is a no-no, according to one intellectual-property attorney.
“It’s outrageous. General trade market law prohibits using someone else’s name or brand where that can cause confusion,” said Anthony F. LoCicero, a partner with Amster Rothstein & Ebenstein LLP.
“Warren Buffett is the most famous financial person in America, but I honestly don’t know how many T’s he has in his name,” Mr. Lo Cicero said. “It’s a violation of Mr. Buffett’s rights in many ways, and it will likely cause confusion and was likely intended to cause confusion.”