Costco will pay $19 million for the sale of counterfeit rings «Tiffany»

Costco will pay $19 million for the sale of counterfeit rings «Tiffany»

A well-known supermarket chain Costco will pay the company Tiffany not less than $ 19.4 million. after it was found that its stores were sold hundreds of fake rings «from Tiffany’s» worth more than $3 million of Counterfeit rings sold in the supermarket for many years, without the accompanying explanation that they are made is not a world famous jewelry company.

Company Costco was found guilty of violations of the exclusive right to a trademark. The decision on imposition of a fine and reparation, the company Tiffany was made a judge of the district court of the United States Laura Taylor Swain. It contained 17 pages.

Costco will pay $19 million for the sale of counterfeit rings «Tiffany»

From the court’s decision implies that the buyers were not informed of the forgery and «incredibly upset and angry» when he learned that the rings are not real. Direct questions of buyers about the origin of jewellery sales consultants of the shop said that this ring «from Tiffany’s».

What is most interesting is not the first lawsuit the company to Tiffany shopping Costco. Just a year ago, a Federal court judge in Manhattan found Costco guilty of committing a similar infringement of intellectual property rights. Then, the network has officially advertised a wedding ring «from Tiffany’s». The amount of reimbursement the last time was much less – $5.5 million, however, conclusions from the situation, apparently, the network executives never did.

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