Software company Wex Inc sued HP Inc for trademark infringement in Maine federal court on Thursday, accusing it of misusing the "Wex" name to brand competing HP software. Wex, which specializes in payment-processing and information-management applications, said that HP's recently announced "HP Wex" workforce-management platform will confuse customers. Confusion is likely given "the similarities between the software, fleet and data management, and employee solutions offered by Wex on the one hand, and the 'Wex'-branded software, fleet and data management, and employee solutions offered by HP on the other," the lawsuit said.
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The Oracle of Omaha likely sent two brand-name companies to the chopping block in the first quarter. But at the same time, he's been actively buying shares of two top-tier businesses.