Pudgy Penguins sued for trademark infringement by clothing brand owner

Pudgy Penguins (PENGU) has been sued for trademark infringement by the owner of the clothing brand Original Penguin, The Block reported. PEI Licensing, which owns the Original Penguin brand, stated that it sent a cease-and-desist letter to Pudgy Penguins in October 2023, but the NFT brand continued with its strategy to produce retail products. PEI argued that the value of its brand, established in 1955, is being diluted by Pudgy Penguins' similar products.