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COSTCO SHOULD PAY $5.5 MILLION FOR SELLING FAKE TIFFANY RINGS


Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday.Tiffany is also entitled to punitive damages, the jury in Manhattan said. Lawyers for both sides were presenting evidence on Friday to help determine the amount of punitive damages.The trial, which began on Sept. 20, was aimed at determining the amount in total damages that Costco is liable for, after U.S. District Judge Laura Taylor Swain ruled last year that Costco had willfully infringed Tiffany's trademark by selling rings bearing the luxury retailer's name.

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#Costco #FakeTiffanyrings #LauraTaylorSwain

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