BUZZ-Australia's Zip tumbles on losing trademark infringement case

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ZipRecruiter

ZIP

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** Shares of Zip Co ZIP.AX fall as much as 8.1% to A$8.1, post their largest intraday pct loss since April 9

** Buy-now-pay-later firm says Australian High Court has ruled against co in case relating to Firstmac Limited's trade mark infringement claim

** Says judgement requires co to cease using the "Zip" trademark in Australia

** Says co to rebrand Australian products and services, decision does not impact its U.S. and New Zealand businesses

** Stock down 27.2% YTD, including the day's moves


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