- Listed: October 26, 2014 3:31 pm
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Food for Believed
Punitive damages (equal towards the disgorged profits) = $135 million
It appears that Payless Shoe Shops bought Adidas shoes, sent them to a Chinese manufacturer with directions to copy but adjust the three strips to either two or four stripes. They sold roughly $400 million of these knock-offs.
Copyrights and Trademarks are protected property. Next time someone delivers a nifty photo they identified on the internet for a marketing and advertising brochure or a proposal,http://ozhomme.korp.my/newrunningshoes.php, you might desire to ask some far more questions just before inserting it into your document. And do not believe a fast Photoshop “editing” of an image makes it your personal, it’s merely proof of “willfulness” and expensive when found.
The jury agreed with Adidas, that Payless had infringed the trademark of Adidas with the intention to benefit from knocking off the Adidas shoes. The award of $305 million drove down the stock price by over 16% with the news.
The formula for the award was as follows:
TOTAL VERDICT = $305 million (figures above had been all approximate and added as much as $305 million)
If you have heard me speak on the subject,http://patroltacticalgear.com/coralfrees.php, you realize that photographs are exceptionally well protected by copyright law,http://www.bridokane.com/dailyfreerun.php, so don’t assume you will even get as significantly grace as the music industry has extended to folks caught downloading music files illegally. (which ain’t considerably grace if you have followed the news.)
Disgorged profits because the jury found willfulness in the defendant’s actions = $135 million
Actual damages = $31 million
Payless says they strategy to appeal, but they could desire to rethink this strategy. The lawyer for Adidas acknowledged that the verdict might be reduced on appeal, however it is feasible it could be elevated since the judge could add plaintiff’s attorney’s fees and might also triple the actual damages portion of the verdict. Add the plunge in stock price to the mix,http://whiskystore.ro/easyfreerun.php, and this was a really pricey stunt to pull.
Adidas recently won a Trademark lawsuit,http://www.dulce-detalle.com/web/flyfreerundeal.php.
Occasionally you must wonder just what these executives are thinking once they cook up stupid stunts like this. . .
which broke up the flow in the game
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