Current Report Filing (8-k)
July 07 2017 - 2:11PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): July 7, 2017 (July 5, 2017)
MGT
Capital Investments, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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001-32698
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13-4148725
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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512
S. Mangum Street, Suite 408
Durham,
NC 27701
(Address
of principal executive offices, including zip code)
(914)
630-7430
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
8.01 Other Events
On
July 5, 2017, the United States District Court for the Southern District of New York (the “Court”) dismissed with
prejudice all claims and counterclaims filed in the case entitled
John McAfee et al. v. Intel Corporation et al.
, Case
No. 1:16-CV-06934 (the “Action”). The Action relates to a complaint for declaratory judgement filed by Mr. John McAfee
and MGT Capital Investments, Inc. (the “Company”) against Intel Corporation (“Intel”), seeking, among
other things, a ruling that John McAfee and the Company’s intended uses of Mr. McAfee’s name were lawful and did not
infringe upon or dilute any of Intel’s rights in the McAfee marks.
The
dismissal of the Action was based upon a stipulation of voluntary dismissal (the “Stipulation”) entered into by the
Parties pursuant to a settlement agreement (the “Settlement Agreement”) dated June 30, 2017. Under the terms of the
Settlement Agreement, the Company agreed not to use “John McAfee Global Technologies,” “John McAfee Privacy
Phone,” “John McAfee” or “McAfee” as (or as part of) a trademark, logo, trade name, business name,
slogan, service mark or brand name in connection with cybersecurity related products or services. Notwithstanding, the Company
is permitted to use the name “John McAfee” in promotional and advertising materials and on product packages, provided
that the name is used in a descriptive manner and in compliance with the specifications set forth in the Settlement Agreement.
Additionally, the Company may use John McAfee’s likeness without restrictions. The Court will retain jurisdiction over the
Parties for purposes of enforcing this Settlement Agreement.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
Dated:
July 7, 2017
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MGT
Capital Investments, Inc.
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By:
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/s/
Robert B. Ladd
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Name:
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Robert
B. Ladd
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Title:
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President
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