Duane Morris: Tiffany & Co. Granted Preliminary Injunction Against Sale of Counterfeit Jewelry - [shopping]
Tiffany & Co. (NYSE:TIF) has obtained a preliminary injunction from the United States District Court for the Eastern District of Pennsylvania to prevent Katz Imports, Inc., a Philadelphia jewelry company, from continuing to sell counterfeit TIFFANY jewelry on the website E-Bay under the seller name "Diamondpaige" and through its website, www.pennsylvaniadiamondexchange.com, according to the law firm of Duane Morris LLP. Prior to issuing the preliminary injunction, the District Court issued a seizure order, which was executed by the United States Marshals Service. The Marshals Service seized illicit diamond rings and bracelets located on the premises of Katz Imports, Inc., as well as receipts of sales. Subsequent investigation revealed that Katz Imports, Inc. engaged in numerous sales of counterfeit tiffany jewellery on E-Bay over a period of several years, which generated revenue in excess of$500,000. Through its lawsuit against Katz Imports, Inc., Tiffany & Co. is seeking to prevent further sales of counterfeit jewelry, the disgorgement of profits earned from sales of counterfeit jewelry, and other penalties and legal remedies available under both state and federal law. Tiffany filed suit as part of its ongoing program to prevent counterfeiting and trademark infringement. The TIFFANY name is a symbol of the finest design and highest quality and Tiffany & Co. is committed to maintaining its reputation and protecting its loyal customer base from such duplicity. Tiffany is represented by J. Scott Kramer of the law firm Duane Morris LLP in Philadelphia, Pennsylvania and James B. Swire of the law firm Dorsey & Whitney LLP in New York, New York. The lawsuit filed by Tiffany is pending before the Honorable Petrese Tucker under the caption Tiffany (NJ) Inc. and Tiffany and Company v. Katz Imports, Inc., et al., United States District Court for the Eastern District of Pennsylvania, Civil Action No. 02-8450. Tiffany & Co. is the internationally renowned jeweler and specialty retailer. Sales are made primarily through company-operated Tiffany & co. stores and boutiques in the Americas, Asia-Pacific and Europe. Direct Marketing includes Tiffanys Business Sales division, Internet and catalog sales. Specialty Retail primarily includes the retail sales made in Little Switzerland, Inc. stores and also includes consolidated results from the other ventures now or in the future operated under non-TIFFANY & CO. trademarks or trade names. Additional information can be found on tiffanys Web site, www.tiffany.com, and its shareholder information line (800) TIF-0110.