Jonathan Hudis quoted in article “Unclear What Gov’t Could Do With Biker Gang Trademarks”Bloomberg BNA 08/05/16
Below is an excerpt:
“I don't know what the government would get out of seizing paper registrations,” Jonathan Hudis of Quarles & Brady LLP, Washington, told Bloomberg BNA.
Trademark rights are based on using a trademark in commerce as an indicator of the source of goods and services. Just having or not having trademark registration by itself doesn't give or deny any trademark rights.
Hudis speculated that by seizing the registrations, the government might be able to prevent the Mongols from using the registrations as collateral for a loan, but that kind of loan was probably unlikely in the first place.