Tavern On The Green Sells Mark For International Use

Law360, New York (September 28, 2011, 10:13 PM EDT) -- A New York bankruptcy judge on Wednesday approved the $1.3 million sale of Tavern on the Green LP's trademark on the iconic Central Park restaurant's name to newly-formed philanthropic entity Tavern International LLC, which will license the name for restaurants and products internationally.

Tavern International grew out of TavernDirect, the restaurant's retail service that sells a line of specialty food products such as sauces, spices and oils, and donates a portion of the proceeds to the National Center for Missing & Exploited Children.

Under a deal...
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