Coach Awarded $257 Million Default Judgment in Anti-Counterfeiting Case
02 Noviembre 2012 - 5:00AM
Business Wire
Coach, Inc. (NYSE:COH) (SEHK:6388), a leading marketer of modern
classic American accessories, 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.
“The magnitude of this judgment underscores the severity and
illegality of counterfeiting, and sends a clear message that our
courts will enforce the law. This judgment should serve as a
warning to everyone involved in any aspect of trafficking in
counterfeit goods that Coach will find you and will seek to impose
the harshest penalties available against you,” said Todd Kahn,
Executive Vice President and General Counsel of Coach.
“In addition to the award, obtaining the domain names used by
defendants in this case is a tremendous achievement. All the
illegal websites operated by defendants include the word “Coach” in
the domain name (also known as the website address) which
potentially confuses consumers into believing that they are
purchasing genuine Coach merchandise,” said Nancy Axilrod, Vice
President and Deputy General Counsel of Coach.
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.
Coach, with headquarters in New York, is a leading American
marketer of fine accessories and gifts for women and men, including
handbags, men’s bags, women’s and men’s small leathergoods, weekend
and travel accessories, footwear, watches, outerwear, scarves,
sunwear, fragrance, jewelry and related accessories. Coach is sold
worldwide through Coach stores, select department stores and
specialty stores, and through Coach’s website at www.coach.com.
Coach’s common stock is traded on the New York Stock Exchange under
the symbol COH and Coach’s Hong Kong Depositary Receipts are traded
on The Stock Exchange of Hong Kong Limited under the symbol
6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to,
or for the account of, a U.S. Person (within the meaning of
Regulation S under the Securities Act), absent registration or an
applicable exemption from the registration requirements. Hedging
transactions involving these securities may not be conducted unless
in compliance with the Securities Act.
This press release contains forward-looking statements based on
management's current expectations. These statements can be
identified by the use of forward-looking terminology such as "may,"
"will," "should," "expect," “confidence,” “trends,” "intend,"
"estimate," "on track," "are positioned to," “on course,”
“opportunity,” “become,” “forward,” "continue," "project,"
"guidance," “target,” "forecast,” “achieve,” "anticipated," or
comparable terms. Future results may differ materially from
management's current expectations, based upon risks and
uncertainties such as expected economic trends, the ability to
anticipate consumer preferences, the ability to control costs, etc.
Please refer to Coach’s latest Annual Report on Form 10-K for a
complete list of risk factors.
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