3 ms·

Apparently they didn't really even bother to buy out the brand name. >DeLorean Motor Company (also doing business as Classic DMC) is a company based in Humble,

by Hamuko 4y ago

Apparently they didn't really even bother to buy out the brand name. >DeLorean Motor Company (also doing business as Classic DMC) is a company based in Humble, Texas, established in 1995 by Liverpool-born mechanic Stephen Wynne, using the branding of the defunct automobile manufacturer. >In 2014, Sally Baldwin, the widow of John DeLorean, sued the unaffiliated Texas-based DMC for misuse of trademarks and images which were never purchased after the bankruptcy of the original company, claiming that they were still owned by his estate. On October 20, 2015, the lawsuit was settled out of court for an undisclosed sum in exchange for DMC having the rights to use the DeLorean Motor Company name, trademarks and logo.

ktm5j 4y ago
Well at some point that was true but considering the settlement out of court I don't think you can say that anymore.
- amelius 4y ago
  They didn't say _exclusive_ rights.
  - ktm5j 4y ago
    Who didn't say that? You can't say they haven't bought the rights when the settlement involved them buying the rights.
    - amelius 4y ago
      Pay for != buy
    - schiffern 4y ago
      The miscommunication here is between the phrases "bought" and "bought out." The latter phrase typically denotes that there's nothing left on the shelf, ie an exclusive license.
- Nosignificance8 4y ago
  Ahh this ninja was just using the proven method on how to acquire a brand/logo from a bankrupt company as most frugal and efficiently as possible when u broke yourself…