Costco Wholesale Corp should hand over $5.5 million to compensate Tiffany & Co for selling counterfeit Tiffany diamond engagement rings, a federal jury said on Thursday.
Tiffany is also entitled to punitive damages, the jury in Manhattan said. Lawyers for both sides were presenting evidence on Friday to help determine the amount of punitive damages.For commercial insurance, click here.
Read full article here. Source: Reuters. Image: Shutterstock
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