The Toronto Stock Exchange and the Texas Stock Exchange have resolved their trademark lawsuit in mediation as the Dallas-based stock exchange prepares to launch in 2026.
According to the court docket, the mediator Randy Mathis of Gilbert Mediation Group announced Friday that the case had been resolved. The parties are to file dismissal documents by Jan.12, 2026.
U.S. District Judge Karen Gren Scholer sent the parties to mediation in November after hearing arguments on a motion to dismiss.
The two stock exchanges dispute was over Texas’ “TXSE” branding, which it applied to register as a trademark in May 2023.
That filing triggered the Toronto Stock Exchange, or TSX, to send a cease and desist letter claiming that the design was too similar to its own and would cause confusion for its customers.
Texas Stock Exchange’s lawsuit was filed by Haynes Boone in October 2024, ahead of its launch in 2026. It claimed that the Toronto Stock Exchange is “threatened” by TXSE and had its New York lawyers send a letter demanding it change its branding under the threat of legal action.
The Texas Stock Exchange had sought a declaration of noninfringement, a cancellation of TSX registration and a jury trial.
TXSE Group is represented by Bina Palnitkar, Valerie Ho, David Marenberg, and Scott Bornstein of Greenberg Traurig. They did not immediately respond to a request for comment.
TSX Inc. is represented by C. Alan Carrillo and Cort Thomas of Brown Fox and Laura Najemy, Sheryl Garko and Ryan Lind of Orrick, Herrington & Sutcliffe. They did not immediately respond to a request for comment.
The case is TXSE Group Inc. v. TSX Inc., 3:24-cv-02609.