Thursday, August 17, 2017

"A federal district court judge has ordered Costco to pay Tiffany more than $19 million for selling generic diamond engagement rings that were marketed using Tiffany’s name"

NYT:

The rings in question had a pronged setting that Costco said is “commonly known as a ‘Tiffany’ setting,” however, some of the display cases simply described the rings as “Tiffany” instead of “Tiffany setting” or “Tiffany style.”

Judge Laura Taylor Swain ruled on Monday that Tiffany is entitled to $11.1 million as profits for trademark infringement, plus interest, and $8.25 million in punitive damages, which was awarded by a jury in October.
Via.