Home – New Forums New here? Share your story Big punitive damages award for trademark infringement.

  • This topic is empty.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • #995531
    Snakeman
    Participant
    • Total posts: 329
    Up
    0
    ::

    Dear all,
    a week or so back, Costco was ordered to pay several million dollars in “Punitive damages” for using a trademark illegally. The precedent is likely to be used by other rights owners, (including us in a likely upcoming case involving a company of similar size and dynamic) even though it is a case from the USA.
    Details swiped from a news site below
    All the best

    Costco Now Has to Pay $8.25 Million in Punitive Damages for Selling Fake Tiffany Rings
    A New York civil jury on Wednesday ordered Costco Warehouse to pay Tiffany & Co $8.25 million in punitive damages for selling engagement rings with the “Tiffany” name on them just days after the bulk retailer was ordered to pay $5.5 million in compensatory damages.
    Tiffany had sued Costco accusing its rival of selling inferior imitation rings.

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.