Good news: Tiffany & Co has won their counterfeiting lawsuit. Basically, they won nearly $1 million in damages for trademark counterfeiting lawsuit; the defendants were sellers of the kind of fake Tiffany's merchandise you find in Asia and on street corners in NYC.
"We are pleased to announce this judgment. Trademark counterfeiting severely damages brand owners and consumers alike. The way to stop it is to take aggressive action against the counterfeiters and make them pay, criminally as well as civilly," said Michael Kowalski, Tiffany's chairman and chief executive officer in WWD. Tiffany reps also said the award they received, $956,793.15, had already been paid in full by the defendant, Yaniv Shamir.
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