Coach (COH) Wins $257M Default Judgment in Anti-Counterfeiting Case
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Price: $59.48 -0.08%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.3%
EPS Growth %: +9.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.3%
EPS Growth %: +9.1%
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Coach, Inc. (NYSE: COH) today announced that it has obtained a default judgment of $257 million in a lawsuit filed in Illinois Federal Court against individuals and businesses that operate websites selling counterfeit Coach merchandise. The judgment also awards Coach the ownership of 573 internet domain names, which are the websites from which defendants conducted their illegal operations.
This judgment is the latest victory in Coach’s campaign against counterfeiters. Coach launched its comprehensive anti-counterfeiting litigation campaign, known as “Operation Turnlock” in May of 2009. Operation Turnlock was designed to make business increasingly more difficult for those involved in any aspect of trafficking in counterfeit goods.
Since the inception of Operation Turnlock, Coach has filed lawsuits and obtained significant monetary awards against virtually every link in the chain of counterfeit distribution, including manufacturers, wholesalers, retail operators, those operating websites, as well as flea market operators and landlords who provide a location from which others sell counterfeit merchandise.
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This judgment is the latest victory in Coach’s campaign against counterfeiters. Coach launched its comprehensive anti-counterfeiting litigation campaign, known as “Operation Turnlock” in May of 2009. Operation Turnlock was designed to make business increasingly more difficult for those involved in any aspect of trafficking in counterfeit goods.
Since the inception of Operation Turnlock, Coach has filed lawsuits and obtained significant monetary awards against virtually every link in the chain of counterfeit distribution, including manufacturers, wholesalers, retail operators, those operating websites, as well as flea market operators and landlords who provide a location from which others sell counterfeit merchandise.
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