RENO, Nev., June 6, 2017 /PRNewswire/ -- On May 23, 2017 the United States Patent and Trademark Office ("USPTO") – Trademark Trial And Appeal Board ("TTAB") in the pending case, Chemeon Surface Technology, LLC (Petitioner) v. David M. Semas/MI-16 LLC ("Respondent") Cancellation No. 92064833; Respondent's motion to suspend was granted. All further legal proceedings before TTAB pending the final disposition of a civil action involving the parties are suspended. Petitioner Chemeon's motion to strike was denied. TTAB found in view of the suspension, the Petitioner Chemeon's motion for summary judgment for cancellation of the METALAST® trademark (9 TTABVUE) would be given no further consideration.
On April 4, 2017, while the USPTO case was pending, federal bankruptcy court Judge Bruce T. Beesley ("Judge Beesley") approved the sale of the USPTO registered trademark "METALAST®" from its legal owner David M. Semas, to MI-16 LLC (United States Bankruptcy Court, District of Nevada Case No. 13-52337-BTB). PRNewsire Release dated May 15, 2017 http://www.prnewswire.com/news-releases/federal-court-approves-sale-of-the-metalast-trademark-to-mi-16-llc-300456586.html The sale granted MI-16 LLC all rights, title, and interest in the trademark, including Semas' standing and interest in the TTAB proceeding.
MI-16, LLC is an entity formed to manage the affairs of the more than 900 investor/members ("Class Members") in the company formerly known as Metalast International, LLC.
Metalast International, LLC was a provider of METALAST® chemical products used for corrosion control, aluminum anodizing and other metal finishing processes, and METALAST® branded chemicals were approved and/or specified by hundreds of leading manufacturers worldwide including many Fortune 500 companies and the US Military. The company is perhaps best known for its development partnership with the US Navy and distribution partnership with Chemetall, now a part of the global giant BASF Group, for METALAST TCP-HF, the highly effective green chemical replacement to the very harmful carcinogenic anti-corrosion chemical hexavalent chromium.
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