LendingTree LLC and real estate companies that are a part of Parsippany, N.J.-based Realogy, the independent company that was formerly Cendant Corp.'s real estate division, have agreed to dismiss all claims relating to a 3-year-old lawsuit that alleged illegal use of real estate brand names. Century 21 Real Estate Corp., Coldwell Banker Real Estate Corp. and ERA Franchise Systems had filed a lawsuit against LendingTree in June 2003 alleging trademark infringement for the company's use of affiliated brand names on its Web site. The use of these brand names by LendingTree, the lawsuit alleged, could cause consumer confusion about the affiliation of those brands. "Each party has dismissed all claims and counterclaims, no monetary payments are to be made and there will be no conduct restrictions on any company," LendingTree officials announced today. Tom Reddin, CEO for LendingTree LLC, said in a statement, "We are pleased to see this case come to a successful close. We have always felt o...
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