Tuesday, May 11, 2010

Versace Wins $20M in Counterfeit Lawsuit

Fashionista has picked up a story about the on-going Versace lawsuit. Seven years after Versace filed a counterfeit suit against Los Angeles-based manufacturing company Tres Hermanos Inc. and its owner, Monir Awada, the luxury brand has prevailed. Awada was ordered to pay the brand $20 million in damages for selling fake Versace t-shirts and other items like jeans and sweatshirts to at least 72 stores in the Los Angeles area. Versace probably won’t ever see any of his money because Awada probably isn't worth that much BUT the ruling is another positive step for brands on an anti-counterfeiting crusade. I used to work at a government office where someone actually set up a booth selling counterfeit goods in the lobby of the building. It was wild. I mentioned it to the police guarding the facility and they simply informed me they couldn't do anything. Maybe we really do need new copyright laws in Canada?

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