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Costco to Pay Tiffany & Co. $19.4M in Counterfeit Suit

A federal judge has ordered Costco to pay Tiffany & Co. $19.4 million in damages for the warehouse club’s illegal sale of counterfeit engagement diamond rings bearing the “Tiffany” name. U.S. District Judge Laura Taylor Swain said Tiffany deserves $11.1 million, plus interest, representing triple the lost profit from Costco's trademark infringement, plus the $8.25…

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