KEEP AlBoeNEWS FREE: At a time when many news services are going behind a paywall, AlBoeNEWS needs your support to stay independent and free. If you can, please donate.

NEW YORK (ALBOENEWS) — Costco has been ordered to pay Tiffany jewelry company $19 million for selling rings with the Tiffany logo that were not made by the company, according to the Chicago Tribune.

According to the report, “Costco’s management “displayed at best a cavalier attitude toward Costco’s use of the Tiffany name in conjunction with ring sales and marketing,” U.S. District Judge Laura Taylor Swain wrote in her opinion.

Her decision followed a jury verdict in 2015 which found that Costco had received a profit of $3.7 million from falsely using the Tiffany brand, rejecting Costco’s argument that the word “Tiffany,” with reference to a ring’s setting, had become a generic term, like Popsicle or dumpster.”

Thank you to our sponsors: (Best Amazon DealsJanuary Gray, Movie Awards PlusCentralOhioUFOReportingCenter, Bill). To become a sponsor for as little as $3 a month, click here.
Advertisements

Leave a Reply