By Blake Powers

In 2013, Tiffany filed a complaint against Costco in U.S. District Court in New York, saying a Costco customer informed the company that Costco was selling “Tiffany” rings.

The complaint reads, “Unbeknownst to Tiffany, Costco had apparently bee selling different styles of rings for many years that it has falsely identified on in-store signage as ‘Tiffany.”

The complaint added, “There are now hundreds if not thousands of people who mistakenly believe they purchased and own a Tiffany engagement ring from Costco.”

Costco contends it was using ‘Tiffany” as a generic term in describing a ring’s setting.

gettyimages 51163372 Tiffany & Co. Win Multi Million Dollar Lawsuit Against Costco

Photo: Chris Hondros/Getty Images

Yesterday, U.S. District Judge Laura Taylor Swain ruled that Tiffany is entitled to $11.1 million (triple the loss incurred from Costco’s actions), plus interest, and $8.25 mil in punitive damages.

The only way Costco may now use the word “Tiffany”, if it’s followed by “setting”, “set” or “style.”

Buying in bulk, and now paying in bulk.

Write the check, Costco!

 

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From 98.7 KLUV

Radio.com App
K-LUV Our Newsletter!
KLUV World Tour

Listen Live