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Complaint SPDR Invesco Ticker Symbol Trademark

Complaint SPDR Invesco Ticker Symbol Trademark

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Published by mschwimmer
complaint SPDR Invesco ticker symbol trademark
complaint SPDR Invesco ticker symbol trademark

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Published by: mschwimmer on Jul 26, 2010
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01/14/2011

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 Plaintiff's Original Complaint 1
IN THE UNITED STATES DISTRICT COURTFOR THE SOUTHERN DISTRICT OF TEXASHOUSTON DIVISIONSELECT SECTOR SPDR TRUST,a Massachusetts trust,Plaintiff,v.POWERSHARES EXCHANGE-TRADED FUNDTRUST II, a Massachusetts trust;INVESCO POWERSHARES CAPITALMANAGEMENT, LLC, a Delaware corporation;andINVESCO AIM DISTRIBUTORS, INC.,now known as INVESCO DISTRIBUTORS, INC.,a Delaware corporation,Defendants.Civil Action No.ORIGINAL COMPLAINT
Plaintiff Select Sector SPDR Trust, for its Complaint against Defendants PowerSharesExchange-Traded Fund Trust II, INVESCO PowerShares Capital Management, LLC, andINVESCO AIM Distributors, Inc., now known as INVESCO Distributors, Inc., alleges asfollows:
I. THE PARTIES
1.
 
Plaintiff Select Sector SPDR Trust is a Massachusetts trust having a principalplace of business at One Lincoln Street, Boston, Massachusetts 02111 ("the Trust").2.
 
Upon information and belief, Defendant PowerShares Exchange-Traded FundTrust II is a Massachusetts trust having a principal place of business at 155 Federal Street,
Case 4:10-cv-02589 Document 1 Filed in TXSD on 07/22/10 Page 1 of 15
 
 Plaintiff's Original Complaint 2
Boston, Massachusetts 02110-1727 ("PowerShares") and may be served with this Complaint andSummons by hand service upon its President, Mr. Andrew Schlossberg, 301 W. Roosevelt Road,Wheaton, IL 60187.3.
 
Upon information and belief, Defendant INVESCO PowerShares CapitalManagement, LLC, is a Delaware corporation having a principal place of business at 301 WestRoosevelt Road, Wheaton, Illinois 60187 ("INVESCO") and may be served with this Complaintand Summons by hand service upon its registered agent, CT Corporation System, 208 S. LaSalleStreet, Suite 814, Chicago, IL 60604.4.
 
Upon information and belief, Defendant INVESCO AIM Distributors, Inc. is nowknown as INVESCO Distributors, Inc. and is a Delaware corporation having a principal place of business located at 11 Greenway Plaza, Suite 100, Houston, Texas 77046-1173 ("ID") and maybe served with this Complaint and Summons by hand service upon its registered agent, CTCorporation System, 350 N. St. Paul Street, Suite 2900, Dallas, TX 75201-4234.5.
 
PowerShares, INVESCO and ID are collectively referred to herein as "PII,"unless otherwise stated.
II. JURISDICTION AND VENUE
 6.
 
This action arises under § 43(a) of the Trademark Act of July 5, 1946, asamended, commonly known as the Lanham Act, 15 U.S.C. § 1051, et seq., and the common lawof the State of Texas.7. The Court has subject matter jurisdiction over all asserted claims under 15 U.S.C.§ 1121, 28 U.S.C. §§ 1331, 1332 (as the value of the sought injunction exceeds $75,000) and1338, and 28 U.S.C. § 1367.
Case 4:10-cv-02589 Document 1 Filed in TXSD on 07/22/10 Page 2 of 15
 
 Plaintiff's Original Complaint 3
8. The Court has personal jurisdiction over PowerShares, INVESCO and ID as alltransact business in this judicial district, as Plaintiff's claims arise from Defendants' transactionsof business in this judicial district, as Plaintiff's claims arise from Defendants' commission of tortious acts in this judicial district, and as Plaintiffs are being damaged in this judicial district.9. Venue is proper in this judicial district pursuant to 28 U.S.C. § 1391, as well as 28U.S.C. § 1400(b).
III. GENERAL ALLEGATIONSA.
 
The Trust And Its Business
10. The Trust is a registered, open-ended management investment company organizedas a series trust. The Trust was formed in 1998. The Trust offers for sale a defined interest in anumber of different asset portfolios. Each of these portfolios is comprised of securities issued bycompanies which have certain pre-defined characteristics and all of which operate in a relatedfield. Each portfolio is legally considered an Exchange Traded Fund ("ETF"), an investmentvehicle which typically has low cost, tax efficiency and stock-like features.11. The ETFs offered by the Trust provide investors an undivided interest in a pool of securities and thus are similar in many ways to traditional mutual funds. Unlike a mutual fund,however, a share in the ETF can be bought and sold throughout the day like stocks on asecurities exchange or in some circumstances directly from the Trust.12. Since inception, the Trust has operated nine separate ETF investment products.Each of these ETF products holds equities with identified companies who trade in certainidentified types of goods or services, referred to in the trade as "market sectors." When onepurchases a share of a given ETF, s/he is purchasing a percentage share of each company whoparticipates in the designated "market sector" of that ETF.
Case 4:10-cv-02589 Document 1 Filed in TXSD on 07/22/10 Page 3 of 15

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