Market Minute: Tiffany Sues Costco Over Sales Of Engagement Rings

Date: Feb 15 2013

Filed under: Market News

By Bernard Vaughan and Jonathan Stempel

Feb 14 (Reuters) – Tiffany & Co (TIF) sued Costco Wholesale Corp (COST) on Thursday to stop the largest 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…

Market Minute: Tiffany Sues Costco Over Sales Of Engagement Rings originally appeared on DailyFinance.com on 2013-02-15T08:55:00Z.

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