Podcast (video): Play in new window | Download
When I first settled a trademark infringement suit for about $20,000, I thought I did a great job. The client did have to change the trademark and did have to send the excess product to a company to destroy the products, but I still thought it was a great settlement when in defense.
Recently, however, there are a pair of settlement agreements for separate lawsuits that we have attained here at Verna Law.
For one client, being sued in Federal District Court for trademark and trade dress infringement, his settlement is sterling:
- Paying the Plaintiff in the case no money!
- 120 days to finish selling current inventory.
- 60 days to establish a new domain.
- 240 days for the old domain to redirect to the new domain.
So, here is a client who, after a year of litigating, still does not need to pay the Plaintiff anything. And the client can still redirect website traffic for about eight months.
Another client is being sued in Federal District Court for trademark and copyright infringement. His settlement also looks good:
- Paying the Plaintiff in the case no money!
- Changing any copy in the product that may be infringement (with no admittance to the copy being infringement)
- 30 days to establish a new domain and to rebrand
Two intellectual property infringement lawsuits. Two defendants who can walk away with business changes, but no damages. That’s victory.
Recent Comments