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Tiffany & Co Sues Costco Wholesale Corp Over Sales Of Engagement Rings-Reuters


Thursday, 14 Feb 2013 05:23pm EST 

Reuters reported that Tiffany & Co sued Costco Wholesale Corp to stop the U.S. warehouse club chain from selling what it called counterfeit diamond engagement rings bearing the luxury retailer's name. The trademark lawsuit filed in Manhattan federal court also calls on Costco to forfeit profits from the ring sales, plus damages of $2 million per infringement Tiffany said it believes hundreds, if not thousands, of Costco members bought engagement rings they believed were authentic Tiffany products but in fact were not. A spokesman for Costco was not immediately available. The case is Tiffany & Company and Tiffany (NJ) LLC v. Costco Wholesale Corp, U.S. District Court, Southern District of New York, 13-1041 

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