VC-Backed Loopt Sues Looptworks

Loopt, maker of a mobile social mapping application, is suing a recycled apparel maker called LooptWorks. The former claims that the latter has ripped off its trademarked logo, including usage on the type of social networks where Loopt makes its home. Loopt has raised more than $20 million in VC funding from firms likeSequoia Capital and NEA.

Download the lawsuit here.