Tiffany accuses Costco of selling counterfeit rings

Feb. 15, 2013

Tiffany & Co. is seeking millions in damages from Costco, alleging the discount retailer was selling counterfeit Tiffany diamond rings.  The lawsuit, filed in U.S. District Court in New York on Valentine's Day, accuses Costco with trademark infringement, counterfeiting, and false and deceptive business practices. It is seeking damages equal to triple the amount of any profit Costco made on the sale of the rings and $2 million in punitive damages for every model of the Tiffany rings that were sold.

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