Costco loses bid to reverse $19m win for Tiffany & Co
Wholesale company Costco has lost a bid to reverse or reduce a $19.4 million judgment against it in a lawsuit filed by jewellery retailer Tiffany & Co for unlawfully using its trademark on engagement rings.
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15 August 2017 Wholesaler Costco has been told it must pay an initial sum of $8.2 million to jewellery company Tiffany for unlawfully using its trademark on rings.
25 July 2019 Jewellery retailer Tiffany & Co has asked an appeals court to uphold a $19.4 million ruling against Costco, after a jury found the wholesale company had infringed its trademark.