The verdict is in – and it’s Gucci for the win. At least, to a small degree. After three years of throwing legal threats back-and-forth and over two months of being in court, a US judge said today that Gucci may recover just $4.66 million in its lawsuit accusing retailer Guess of copying its trademarked designs, a fraction of the more than $120 million sought by the luxury company.
US District Judge Shira Scheindlin decided that while Guess was guilty of infringing some trademarks, Gucci was not entitled to all damages reflecting lost sales or harm to its brand, calling a survey of the prospective damages, “highly speculative.”Gucci had accused Guess of trying to “Gucci-ize” its product line by selling wallets, belts, shoes and other accessories that resembled Gucci’s signature logos and designs.
Gucci was also awarded a permanent injunction against Guess’ use of three of the four challenged designs. The $4.66 million payout reflects profit from specific items where Gucci trademarks were infringed. No comment from either party on their reaction to the verdict.
Article Source: NY Post
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