Versace Wins $20M In Counterfeit Case

by Verena von Pfetten | 3:14 pm, May 6th, 2010

Italian fashion house Versace has won a record $20 million in compensation after winning a counterfeit case against a group of U.S. retail stores.

Reuters reports:

The medusa-logoed company, whose glittering gowns are worn by film stars such as Drew Barrymore and Penelope Cruz, said the damages awarded by a U.S. court were one of the highest ever obtained by an Italian company in a case brought abroad to protect trademark.

“We have won a historic judgment, reached at the culmination of the anti-counterfeiting action undertaken by the Group and whose effects will benefit all the luxury Italian brands,” Versace’s Chief Executive Gian Giacomo Ferraris said in a statement.

More than 70 stores in Arizona and Southern California were investigated and the ruling is the culmination of a seven year long lawsuit.

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