A federal appeals court on Monday overturned Tiffany & Co's $21 million judgment against Costco Wholesale Corp over the warehouse club chain's sale of unbranded diamond engagement rings bearing the 'Tiffany' name.
FILE PHOTO: A Tiffany & Co logo is seen outside the store on 5th Ave in New York, New York, U.S., March 19, 2019. REUTERS/Carlo Allegri/File Photo
In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said it agreed with Costco that its use of the word “Tiffany” was unlikely to confuse customers, and that Costco was entitled in good faith to describe the style of its rings even if confusion were likely.
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