U.S. News | Tiffany and Costco Settles Diamond Ring Trademark Infringement Suit

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Tiffany and Company has settled its eight years long legal battle accusing Costco Wholesale of trademark infringement and counterfeiting for selling generic diamond engagement rings bearing the Tiffany name without permission or authorization.

According to reports, both parties amicably resolved their dispute although the settlement terms were not disclosed.

A trial judge had found Costco liable for selling the disputed rings, despite its claim that Tiffany had become a generic term and described the rings’ pronged setting. That left jurors to decide only how much Tiffany should recover.

But the appeals court said Costco acted in good faith, and that Costco customers were smart enough to realize that Tiffany didn’t make or endorse the warehouse chain’s Tiffany rings.

A trial judge had found Costco liable for selling the disputed rings claiming that Tiffany had become a generic term and described the rings’ pronged setting.

The appeal court reportedly asserted that Costco acted in good faith, and that Costco customers were smart enough to realize that Tiffany didn’t make or endorse the warehouse chain’s Tiffany rings.

The plaintiff reportedly said that 3,349 customers bought Tiffany-set rings at Costco during the period covered by the lawsuit.

The suit dismissal was filed with the federal court in Manhattan with prejudice, meaning Tiffany cannot bring the lawsuit again.

The case is now closed.

Tiffany and Company v. Costco Wholesale Corporation

Judge: Lewis J Liman
Court: New York Southern District Court
Case #: 1:13-cv-01041
Nature of Suit: Trademark
Cause: Trademark Infringement

Case Filed: Feb 14, 2013
Case Re-Opened: Sep 08, 2020
Case Terminated: Jul 19, 2021
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About Nathaniel Adebayo 754 Articles
Nathaniel is a News Reporting Intern at Nigerian Law Intellectual Property Watch (NLIPW). He has a passion for writing, capacity building and social media marketing. He is a graduate of Federal University of Technology, Minna, where he graduated with BTECHAGRIC. He is a member of Soil Science Society of Nigeria (SSSN) and the National Union of Campus Journalist (NUCJ). Nathaniel has served as Editor-in-Chief for a number of magazines and as a contributor to various online repositories. Email: anathaniel@nlipw.com

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