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VPR Brands (VPRB)

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VPR Brands, LP Settles Litigation and Assigns ELF Trademark Rights
VPRB
Legal Proceedings
  • VPR Brands, LP and Elf Brand, LLC entered into a Litigation Resolution Agreement on January 30, 2026, with several defendants, including Shenzhen Weiboli Technology Co, Ltd and iMiracle (HK) Limited, to settle disputes concerning the U.S. trademark 5,486,616 (ELF mark) and U.S. patent 8,205,622.
  • As part of the settlement, VPR Brands, LP will receive $3,200,000 from a total payment of $5,250,000 after attorneys' fees.
  • VPR Brands, LP irrevocably conveyed and assigned all rights in the '616 Trademark and all U.S. trademark registrations and applications for ELF-formative marks to iMiracle (HK) Limited.
  • VPR Brands, LP granted the defendants a fully paid, worldwide, irrevocable, non-exclusive, perpetual license to the '622 Patent.
  • VPR Brands, LP and Elf Brand, LLC are permitted a 75-day period to sell off existing inventory of ELF branded products but are prohibited from manufacturing new ELF products after the effective date of the agreement.
4 days ago